Final AssessmentKAPLAN PUBLISHING Page 1 of 5
ACCA FINAL ASSESSMENT
Corporate andBusiness Law
JUNE 2009QUESTION PAPERDo not open this paper until instructed by the supervisor This question paper must not be removed from the examinationhall
Time allowed Reading time:
15 minutes
Writing time:
3 hours
Answer ALL questions
Kaplan Publishing/Kaplan Financial
ACCA F4 (ENG) Corporate and Business Law © Kaplan Financial Limited, 2008All rights reserved. No part of this examination may be reproduced or transmitted in any formor by any means, electronic or mechanical, including photocopying, recording, or by anyinformation storage and retrieval system, without prior permission from Kaplan Publishing.Page 2 of 5 KAPLAN PUBLISHING
Final Assessment
Answer ALL questions
QUESTION 1
Explain briefly:(a) the doctrine of judicial precedent; and
(5 marks)
(b) the circumstances when a precedent will not be binding.
(5 marks)(Total: 10 marks)
QUESTION 2
Explain the remedies available for breach of contract.
(10 marks)
QUESTION 3
(a) What is a company’s share capital?
(4 marks)
(b) Explain the meaning of the following:(i) issued capital;
(3 marks)
(ii) paid up capital.
(3 marks)(Total: 10 marks)
QUESTION 4
(a) Distinguish between executory, executed and past consideration.
(5 marks)
(b) Explain the principle that performance of an existing duty is not sufficient to amount toconsideration.
(5 marks)(Total: 10 marks)
QUESTION 5
(a) Explain the meaning of corporate governance and what it covers in relation tocompanies.
(4 marks)
(b) Explain the meaning of ‘a principles–based approach’ to corporate governance andthe advantages and disadvantages of such an approach as opposed to a rules-basedapproach.
(6 marks)(Total: 10 marks)
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F4 - Final
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