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Free BA4 Exam Braindumps (page: 57)

Page 56 of 126
PDF with 661 Questions

Which of the following is incorrect in relation to the remedy of liquidated damages?

  1. A liquidated damages clause will be void if it amounts to a penalty clause.
  2. A liquidated damages clause will apply where it is a genuine attempt to pre-estimate the loss caused by a breach of contract.
  3. If a liquidated damages clause is held to be void, the innocent party cannot claim on a quantum meruit basis.
  4. If a liquidated damages clause is found to be reasonable, the amount specified must be claimed, even if it is less than the actual loss caused by the breach.

Answer(s): C



The Professional Accountant should always:

  1. Think objectively; act professionally; continue to learn and develop
  2. Think subjectively; act professionally; continue to question
  3. Think professionally; act personably; continue to question
  4. Think accurately; act purposefully; continue to learn and develop

Answer(s): A



You are happy to be held accountable for your actions and hope that others can trust and depend upon you. Which TWO of the personal qualities identified by the CIMA Code of Ethics does this demonstrate?

  1. Respect
  2. Responsibility
  3. Reliability
  4. Timeliness

Answer(s): B,C



Which of the following is entitled to initiate court action on behalf of a company?

(i) The board.

(ii) The majority shareholders.

(iii) All the shareholders.

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

Answer(s): A






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