A advertised his van for sale in the local newspaper at a price of £5,000.

In which of the following situations is a contract between A and B created?

In relation to the Unfair Contract Terms Act 1977, which of the following is correct?

(i) A clause which attempts to exclude liability for death or personal injury caused by negligence is only valid if it is reasonable.    

(ii) A clause which attempts to exclude liability for damage to property is void unless it is reasonable.

(iii) The Unfair Contract Terms Act applies to contractual terms and to occupiers ' liability.    

Which of the following is correct? 

(i) The Court of Appeal is bound by obiter dicta of the Supreme Court.

(ii) The High Court is bound by a Supreme Court ratio decidendi.

(iii) A ratio decidendi of the Court of Appeal is binding on the High Court.

A Ltd is under contract to manufacture machinery for B Ltd for £200,000. Which of the following is a valid excuse for A Ltd failing to complete the contract on time?

ABC Ltd has resolved to purchase the business of ST Ltd for £500,000. ABC Ltd is to pay ST Ltd for the business by issuing ordinary £1 shares rather than cash. As the market value of ABC Ltd ' s shares is £5 per share, ABC Ltd is to issue to ST Ltd 100,000 ordinary £1 shares. Which of the following is incorrect?

Company F is a new business that prides itself on being green and ethical. It uses renewable energy to run its factories, abides by all the rules and regulations and regularly donates money to sustainable development

charities around the world, despite occasionally being unable to fully pay its workers.

Why is Company F in violation of Carroll ' s CSR pyramid?

Which of the following causes a charge to be void?

(i) A failure to register the charge at Companies House within 21 days of its creation.

(ii) A failure to register the charge at the company ' s registered office.

(iii) The issue of a charge to secure borrowing which is outside the directors ' authority 

Which of the following statements is correct? 

(i) To succeed in the tort of negligence, a claimant must show that the defendant owed him a duty of care.

(ii) To succeed in the tort of negligence, the defendant must have broken a duty to take care.

(iii) To succeed in the tort of negligence, it is necessary to show that the claimant suffered loss or harm as a result of the defendant ' s breach of duty.

Which TWO of the following are features of a compliance-driven framework?

In the UK, the body responsible for promoting confidence in corporate reporting and governance is:

Which ONE of the following resolutions is no longer legally effective?

You are the manager of the finance function of a large engineering company According to IFAC ' s drivers of sustainable corporate success, which of the following would be a method by which you could improve the value of your department to the company?

Zed Bank plc has agreed to allow Exe Ltd an overdraft of £50,000 subject to a fixed and floating charge over almost all of the company ' s assets. In addition, the directors of Exe Ltd have been required to personally guarantee the overdraft.

Which of the following is correct? 

(i) The directors could face bankruptcy if they are called upon to honour the guarantee.

(ii) In this case the directors do not enjoy limited liability as they are liable on the guarantee if the company cannot pay.

(iii) The directors could only be required to honor the guarantee if the company ' s assets proved insufficient to meet the overdraft.

There are several different schools of ethics. Which of the following best represents the ethical approach adopted by the accountancy profession?

Which of the following countries does not have a written constitution?