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BA4 Exam Dumps - Fundamentals of Ethics, Corporate Governance and Business Law

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Question # 17

In regards to a claim of misrepresentation, which of the following must be proved to show that the defending party induced the other party into entering the contract?

Select ALL that apply.

A.

The other party knew of the existence of the representation

B.

The other party allowed the representation to affect their judgement.

C.

The other party was unaware of the representation's falsity.

D.

The other party was of a sound mind.

E.

The other party had no relationship with the offending party when the representation was made.

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Question # 18

Which of the following is NOT one of the main requirements of the UK Corporate Governance Code?

A.

The identification of an independent director as primary shareholder contact

B.

The appointment of executive directors to the Board

C.

The separation of the roles of Chairman and Chief Executive

D.

The establishment of an audit committee

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Question # 19

Anne, Bill, Chris and Diane are the only directors of ABCD Ltd. Bill is the Chairman of the board and has a casting vote. A board meeting was called to consider a proposal to enter into a contract with EFG Ltd. Which of the following is INCORRECT?

A.

The board has validly resolved to contract with EFG Ltd if any three of the directors vote in favor

B.

As Bill is the Chairman, the board cannot validly resolve to contract with EFG Ltd without Bill's consent

C.

The proposal is lost if only two of Anne, Chris and Diane vote in favor

D.

If Bill and one other director votes in favor, Bill can use his casting vote to carry the proposal

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Question # 20

Which of the following identifies civil as opposed to criminal proceedings? 

i. The case was heard by the Magistrates Court.

ii. The case was brought by a claimant.

iii. The case was proved on the balance of probabilities. 

A.

(i) only

B.

(ii) only

C.

(i) and (ii) only

D.

(ii) and (iii) only

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Question # 21

Which of the following statements is INCORRECT?

A.

The ratio decidendi is the legal principle underpinning the decision of the court.

B.

When a court departs from a previous decision on the basis of different material facts the court is said to have “distinguished” the case.

C.

If an appellate court reaches a different decision to the court which first heard the case, the decision is said to have been “reversed”.

D.

Obiter dicta of the Supreme Court is binding on all lower courts.  

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Question # 22

Which of the following is correct in relation to a company's ability to have a restricted objects clause in its constitution?

(i) A company may restrict its objects in its constitution

(ii) Any clause restricting the company's objects should be included in the company's articles of association

(iii) The shareholders may pass a special resolution to alter the company's constitution by including a clause which restricts the company's objects

A.

(i) only

B.

(ii) only

C.

(i) and (ii) only

D.

(i), (ii) and (iii)

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Question # 23

Which of the following is one of the fundamental principles identified in the CIMA Code of Ethics?

A.

Constancy

B.

Confidentiality

C.

Contemplation

D.

Conviction

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Question # 24

Which of the following is NOT a personal quality expected of professional accountants by CIMA?

A.

Relativity

B.

Reliability

C.

Responsibility

D.

Respect

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