AB (Wholesalers) Ltd contracted to sell a quantity of television sets to DC (Retailers) Ltd. The contract contained a term excluding liability for any breach of the condition implied by the Sale of Goods Act 1979 that the goods should comply with their description.
Which of the following is correct?
High profile corporate scandals in the past decade have had an effect on which of the following?
Exe Ltd was under contract to deliver goods by road to London for Wye Ltd for £2,000. After part of the journey was completed the lorry broke down and Wye Ltd was forced to arrange for Zed Ltd to complete the delivery. Subject to the contract not providing for this situation, which of the following is correct?
Which TWO of the following are examples of safeguards that may increase the likelihood of identifying or deterring unethical behavior?
Being straightforward and honest in all professional and business relationships demonstrates the CIMA Code of Ethics fundamental principle of:
Which of the following groups is a financial as opposed to a non-financial stakeholder of a company?
Which of the following correctly describes the circumstances in which directors may be held liable to contribute to the assets of insolvent companies in respect of "wrongful trading"?
Zed Ltd was incorporated in 2010 and has chosen to use the standard Model Articles of Association. The company is considering appointing Max as a director of the company.
Which of the following is incorrect?
(i) Max cannot be a director of the company unless he holds shares in the company.
(ii) Max cannot be a director of the company if he is an undischarged bankrupt.
(iii) Max cannot be a director of the company if he is subject to a disqualification order.
Which of the following are qualities the CIMA accountant are expected to display and develop? Select ALL that apply.
Which of the following is correct?
(i) A liquidated damages clause will be void if it amounts to a penalty clause.
(ii) A liquidated damages clause will apply where it is a genuine attempt to pre-estimate the loss caused by a breach of contract.
(iii) A liquidated damages clause is void if it is for an amount in excess of the actual loss caused by the breach of contract.
P is an accountant working in a business Which of the following circumstances might create a self-interest threat for P in her professional role?
Which ONE of the following statements is incorrect? Ethical standards are:
Which of the following is INCORRECT in relation to Shari'ah law?
i. Shari'ah law is intended to provide for a person's spiritual well-being but is not concerned with secular matters.
ii. The Sunnah is one of the primary sources of Shar'iah law.
iii. The salat (daily prayers) is one of the Five Pillars of Islam.
Which of the following is NOT one of the 'seven principles of public life', as defined by the Committee of Standards in Public Life?
Which one of the following is NOT one of the fundamental principles of CIMA's Code of Ethics?
