QUESTION: 125

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.

(i) only
(i) and (ii) only
(i) and (iii) only
(i), (ii) and (iii)

Answer(s): B

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QUESTION: 126

Avoiding any action that discredits the profession relates to which CIMA Code of Ethics fundamental principle?

Integrity
Objectivity
Professional competence and due care
Professional behavior

Answer(s): D

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QUESTION: 127

Which of the following statements is incorrect?

A term will be implied into a contract wherever a court considers that it would be reasonable to do so.
A term may be implied into a contract on the basis of previous dealings between the parties.
A term may be implied into a contract by statute.
A term may be implied into a contract on the basis of a trade custom.

Answer(s): A

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QUESTION: 128

Which of the following is correct?

An ordinary resolution may be passed by 50% plus 1 of the shareholders who are present and voting in favor of the proposal either in person or by proxy.
An ordinary resolution may only be passed by 75% of the shareholders who are present voting in favor of the proposal either in person or by proxy.
An ordinary resolution may only be passed by 51% of all the company's shareholders voting in favor of the proposal either in person or by proxy.
An ordinary resolution may only be passed by all the company's shareholders voting in favor of the proposal either in person or by proxy.

Answer(s): A

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QUESTION: 125

QUESTION: 126

QUESTION: 127

QUESTION: 128