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Free BA4 Exam Braindumps (page: 26)

Page 26 of 126
PDF with 661 Questions

X Ltd has entered into a number of contracts with Y Ltd. In which of the following situations could the directors be held personally liable for the debts contracted with Y Ltd?

(i) X Ltd has continued to trade at a time when insolvency appeared inevitable

(ii) X Ltd has become insolvent and is unable to pay its debts to Y Ltd

(iii) X Ltd has contracted for a purpose not specified in its articles of association

  1. (i) only
  2. (i) and (ii) only
  3. (ii) only
  4. (iii) only

Answer(s): A



Which of the following is incorrect in relation to the criminal law?

  1. All criminal cases commence in the Magistrates' Court.
  2. The purpose of the criminal law is to regulate behavior within society by punishment and deterrence.
  3. A crime is regarded as an offence against society as a whole and the state will prosecute the offender on its behalf.
  4. A breach of contract is a criminal offence.

Answer(s): D



Which of the following is correct?

  1. A contract is frustrated when something happens, after it has been entered into, which renders the contract more difficult to perform.
  2. A contract is frustrated when something happens, after it has been entered into, which renders the contract impossible to perform.
  3. A contract is frustrated when a party expressly agrees to manufacture and supply goods and then discovers that they will be far more expensive to produce than they thought at the time of the contract.
  4. A contract is frustrated if it is impossible to perform at the time that it is made.

Answer(s): A



In 2011 Exe Bank plc granted a loan of £200,000 to Wye Ltd secured by a fixed charge over the company's land and a floating charge over all the company's other assets. Wye Ltd remains solvent but has now failed to meet its monthly repayments for three months.

Which of the following options are available to Exe Bank plc?

(i) Sue Wye Ltd for breach of contract.

(ii) Appoint an administrator

(iii) Petition for the compulsory winding up of Wye Ltd.

  1. (i) only
  2. (ii) only
  3. (i) and (ii) only
  4. (i), (ii) and (iii)

Answer(s): D



Page 26 of 126



Post your Comments and Discuss CIMA BA4 exam with other Community members:

Patricia commented on May 01, 2024
The term "law as the basis of action " is it not a rules based approach?
Anonymous
upvote

Chamika Makolage commented on March 03, 2024
Best questions
NETHERLANDS
upvote

Ruzmina commented on August 11, 2023
Thank you ?? Soo much,
Anonymous
upvote