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law - may 2002

law - may 2002

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Published by Rafay Mahmood

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Published by: Rafay Mahmood on Jul 27, 2009
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02/01/2013

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3b
FBLW

Examination
Question and
Answer Book

Write here your full examination number
Centre Code:
Hall Code:

Desk Number:
Foundation Level
Business Law
20 May 2002
Day 1 \u2013 early afternoon
INSTRUCTIONS TO CANDIDATES
Read this page before you look at the questions

THIS QUESTION PAPER BOOKLET IS ALSO YOUR ANSWER BOOKLET.
Sufficient space has been provided for you to write your answers and also for workings where questions
require them. For section B questions, you must write your answers in the shaded space provided. An
additional blank page (14) is included towards the back of this booklet if you require more space for notes
or workings. Please note that you will NOT receive marks for your notes or workings. Do NOT remove any
sheets from this booklet: cross through neatly any work that is not to be marked. Avoid the use of
correction fluid.

You are allowed two hours to answer this question paper. All questions are compulsory.
Answer the ONE question in section A (this has 25 sub-questions and is on pages 2-9)
Answer the THREE questions in section B (these are on pages 10-13)
You are advised to spend 10 minutes reading through the paper before starting to answer the questions.
You should spend no more than 55 minutes on answering the ONE question in section A, which has 25
sub-questions.
You should spend no more than 55 minutes on answering the THREE questions in section B.
Hand this entire booklet to the invigilators at the end of the examination. You are NOT permitted to leave
the examination hall with this booklet.
Do NOT write your name or your student registration number anywhere on this booklet.
TURN OVER
For office use only
Total
One
Two
Three
Four
Marks awarded (First marker) for each question
Marks awarded (Second marker) for each question
\u00a9 The Chartered Institute of Management Accountants 2002
FBLW
2
May 2002
SECTION A \u2014 50 MARKS
ANSWERALL TWENTY-FIVE SUB-QUESTIONS \u2013 2 MARKS EACH

Question One
1.1Which ONE of the following statements isco r rect?
A

The aim of the criminal law is to regulate behaviour within society by the threat of punishment.
B
The aim of the criminal law is to punish offenders.
C
The aim of the criminal law is to provide a means whereby injured persons may obtain compensation.
D
The aim of the criminal law is to ensure that the will of the majority is imposed upon the minority.
1.2Which ONE of the following isco rre ct?
A
The House of Lords is obliged to apply English Law, even if it contradicts European Law.
B
The House of Lords must apply European Law even if it contradicts English Law.
C
If European and English Law conflict, the House of Lords cannot apply either Law.
D
The House of Lords must apply English Law unless it obtains government permission to apply
European Law.
1.3Which ONE of the following isco rre ct?
A
Professional advisers cannot be liable in respect of negligent advice in the tort of negligence, but may
be liable for breach of contract.
B
Professional advisers cannot be liable for breach of contract in respect of negligent advice but may be
liable in the tort of negligence.
C
Professional advisers may be liable in respect of negligent advice in either contract or tort.
D
Professional advisers cannot be liable in respect of negligent advice in either contract or tort.
For office use only
Total
1.1
1.2
1.3
Marks awarded (First marker) for each sub-question
Marks awarded (Second marker) for each sub-question
Each of the sub-questions numbered from1.1 to1. 25 inclusive, given below, has only ONE correct
answer.
REQUIRED:
Place a circle \u201cO\u201d around the letterA,B,C orD that gives the correct answer to each sub-question.
If you wish to change your mind about an answer, block out your first answer completely and then circle
another letter. You will NOT receive marks if more than one letter is circled.
Please note that you will NOT receive marks for any workings to these sub-questions.
May 2002
3
FBLW
1.4What is the legal effect of the following statement in a newspaper?
"For sale. Computer, monitor and laser printer. Good condition. \u00a3500."
A
The statement is an offer for sale.
B
The statement is a \u201cmere puff or boast\u201d.
C
The statement has no legal effect.
D
The statement is an invitation to treat.
1.5On 1 September, Seller Ltd wrote to Buyer Ltd offering to sell a machine at a price of \u00a310,000, and

stating that Buyer Ltd must accept by 10 September. On 3 September, Buyer Ltd wrote to Seller Ltd and stated "I accept. Will you accept payment over three months?" On 5 September, Seller Ltd sold the machine to New Ltd, and on 6 September received a second letter from Buyer Ltd accepting the offer and offering to make immediate payment.

Which ONE of the following isco rre ct?
A
There is no contract between Seller Ltd and Buyer Ltd because the offer was withdrawn on
5 September when the machine was sold to New Ltd.
B
There is no contract between Seller Ltd and Buyer Ltd because Buyer Ltd\u2019s letter of 3 September
amounted to a counter-offer which destroyed Seller Ltd\u2019s original offer.
C
Seller Ltd and Buyer Ltd contracted on 3 September.
D
Seller Ltd and Buyer Ltd contracted on 6 September.
1.6Which of the following examples of performance amounts to good consideration?
(i)
The performance of an existing duty under the general law.
(ii)
The performance of an existing contract in return for a promise by a third party.
(iii)
The performance of an act, followed by a promise to pay for that act.
A
(i) only.
B
(ii) only.
C
(i) and (ii) only.
D
(iii) only.
TURN OVER
For office use only
Total
1.4
1.5
1.6
Marks awarded (First marker) for each sub-question
Marks awarded (Second marker) for each sub-question

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