Online Access Free CIMA.BA4.v2022-04-23.q232 Practice Test (Page 26)

BA4 Exam Question 121

Which of the following statements in relation to companies is correct?

A.A disadvantage of running a private company limited by shares is that it is much more bureaucratic than a sole tradership

B.A member of a public company limited by shares has a right to participate in the management of the company.

C.A public company limited by shares generally has less access to capital than a general partnership

D.A mam advantage of carrying on business through the medium of a private company limited by shares is that the company is not fully liable for its own debts

BA4 Exam Question 122

Mr A sent an email to Mr B offering to sell him some goods for $1.000 Mr B replied by email stating I'll buy the goods Payment will be made over the next 4 weeks." Mr B has now discovered that Mr A has sold the goods to Mr C.
Which of the following is correct?

A.Mr A was free to sell the goods to Mr C as Mr B's email amounted to a counter offer which rejected Mr A's offer

B.Mr A has acted in breach of contract as Mr B has accepted his offer

C.Mr A was free to sell the goods to Mr C as communications by email are presumed to show that the parties did not intend to create legal relations

D.Mr C has intervened in the contract of Mr A and Mr B and can be forced to return the goods for the benefit of Mr B

BA4 Exam Question 123

On 1st October X Ltd wrote to Y Ltd offering to sell a machine at a price of £5,000. The letter stated that Y Ltd must give X Ltd "notice in writing" of its acceptance of the offer by 8th October. Y Ltd posted its acceptance on 5th October and this reached X Ltd on 7th October. In the meantime X Ltd sent a letter to Y Ltd on 4th October revoking its offer, and this reached Y Ltd on 8th October.
Which of the following is correct?

A.There is no contract between X Ltd and Y Ltd because the offer was withdrawn on 8th October when the revocation was received by Y Ltd.

B.There is no contract between X Ltd and Y Ltd because the offer was withdrawn on 4th October when the revocation was sent to Y Ltd.

C.X Ltd and Y Ltd contracted on 7th October.

D.X Ltd and Y Ltd contracted on 5th October.

BA4 Exam Question 124

Which of the following is correct?
(i) A contract for the sale of land must be in writing.
(ii) A consumer credit agreement must be in writing.
(iii) A contract of employment must be in writing.

A.(i), (ii) and (iii)

B.(i) and (iii) only

C.(i) only

D.(i) and (ii) only

BA4 Exam Question 125

Which of the following most accurately describes the ratio decidendi?

A.It is a statement of law by a court which is binding on all higher courts which are called upon to decide a similar case.

B.It is a statement of law by a court which is binding on all future courts which are called upon to decide a similar case.

C.It is a statement of law by a court which is binding on all lower courts which are called upon to decide a similar case.

D.It is a statement of law by a court which is not binding on lower courts which are called upon to decide a similar case.

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BA4 Exam Question 121

BA4 Exam Question 122

BA4 Exam Question 123

BA4 Exam Question 124

BA4 Exam Question 125

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