Which of the following statements is INCORRECT?i) A contract is a voluntary agreement whereas obligations in the tort of negligence are imposed by the state.ii) Damages are only available for breach of contract and breach of the tort of negligence if damage, injury or loss has been suffered by the claimant.iii) A contract breaker is liable whether or not he is at fault whereas to be liable in the tort of negligence the defendant must have been at fault.
Answer(s): B
Z Ltd intends to participate in a "substantial property transaction" with one of its directors. Which of the following is correct in relation to substantial property transactions?(i) The value of the asset must exceed 10% of the company's net assets and be more than £5,000.(ii) The transaction must be approved by the shareholders.(iii) The director must disclose his interest in the transaction.
Answer(s): D
Allowing bias, conflict of interest or undue influence of others to override professional or business judgments violates the CIMA Code of Ethics fundamental principle of:
Answer(s): A
Which of the following is correct?
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
Chamika Makolage Commented on March 03, 2024 Best questions NETHERLANDS
Ruzmina Commented on August 11, 2023 Thank you ?? Soo much, Anonymous
Our website is free, but we have to fight against bots and content theft. We're sorry for the inconvenience caused by these security measures. You can access the rest of the BA4 content, but please register or login to continue.