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Please share here with community your comments about June 2011 F4 exam.
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I found it not as bad as I thought it was going to be, not sure if I done another to pass, had a sudden brain wave when we reading my answer during the last fifteen mins and ran out of time to finish off the negligence question,
I remember I was busy writing ….and I heard the voice saying …1hr left….but in moment can not comment on the exam……!!..if ask was it fair….yes I can say that…!!..exam came in a way p’ple did not expect,put concentration in some difficult topics and we ignored these little things….that it came……!!..anyway..I remember I wrote something….
the moment i strtd readin the questions, i was Thanking God for having got questions tht seem to be familar with wht i studied, i was glad to have written somethin in my answer sheet, if not a proper answer at least a bits n piece answer. The paper was ok (GLO variant), but had i done a more systematic study, i wud have given tht paper “excellent”
Scenario related to contract law..was it to do with consideration and part payment issue…i think it was q8 ??
aamirsyed09 – Pinnels case; part payment is not good discharge, except
3rd party paying your debt
variation in the terms of contract- Topics: 0
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I think it wasn’t so bad but who knows? The last time I was proud of myself and achieved the worst result.
I forgot what was wrongful dismissal.
I don’t think that I wrote much for civil and criminal law.- Topics: 0
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I was also relieved to see a bunch of family topics, but when it came down to really writing them out I drew a lot of blanks! This was my first written exam (only CBEs before) so it was an adjustment. That’s a lot of writing in 3 hours, and I have a hard time without some scratch paper to draw up outlines or rough drafts. I did lots of scratching out. We’ll see! Good luck everyone!
I am trying to remember the questions asked… from what i remember….
1) Distinguish between civil and criminal law giving examples (7)
Describe the court structure below the court of appeals for both (3)2) Explain the meaning of offer (5)
Explain how offer can be terminated (5)3) With regards to employment law describe the meaning and effect of
a) Unfair dismissal (5)
b) Wrongful dismissal (3)
c) Constructive dismissal (2)4)
a) Explain what is meant by ‘corporate governance’ (3)
b) Describe the effect of the UK combined code of corporate governance (4)
c) Describe the role of NEDs in UK Code of Corp. gov (3)5)
a) Descibe the role and duties of promoters (5)
b) Describe ‘pre incorporation contracts’ (5)6) Describe the meaning and effect of share issues
a) at a premium (6)
b) at a discount (4)7) In relation to the tort of negligence, describe
a) Duty owed to others (6)
b) The defense of contributory negligence (4)8) Scenario on part consideration (10)
a) Payment in kind
b) Reduced payment by 3rd party
c) Reduced payment without acceptance9) Scenario on Authority of directors (10)
a) Express authority
b) Implied authority
c) Ostensible authority10) Scenario on returns on liquidation
– Order of payment on liquidation
– Payment of callable nominal value
– Lifting the veil to expose a quasi partnership may increase liability.Thought time constraint was on the high side but then again one dude was dilly dallying with 1:15 left in the exam. 🙁
Was grateful for the offer/termination question. gift.
it was so easyyy i was like ! r they kidding !! lovely paper. wish i get more surpises like this in f9 and f7
I really don’t like LAW.It’s such a bookworm subject!
Well, I really don’t know if i’m going to pass..
All I know is That GOD is Good and Merciful and He saw all the efforts i did to study!
So yay! Praying for A pass =]Very happy with F4 exam today. Thankyou Allah + thanks OT. Hoping to pass InshaAllah
Question 7 (a), was that asking for the “standard of care” or the “duty of care”? I can’t remember exactly how the question was phrased now, but I remember what I wrote as the answer! I hope I haven’t screwed this question up!
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guys, could anyone advise about the correct answer for question 10:
what was the proper order of debt repayments on liquidation? should the overdraft with persnal guarantee be the last in the sequence?
except question 4 and 8, the rest of paper was lovely…… hope for 60 or above…..
platinumkp you have beautiful memory………
i wasnt aware that the overdraft had a personal guarantee.. the personal guarantee was for any shortfall for the fixed charge (which it appeared there would not be). I think that they will end up about GBP 5k short in the end but its a limited liability company and the members are therefore not responsible for this shortfall.
The order:
Fixed charge – 20k loan secured by 20k property. Realised value goes to chargeholder and the shortfall is paid by guarantor.
Liquidator expenses – worth mentioning
Preferential debts – not applicable
Floating charge – not applicable
Deferred debt – not applicable
Unsecured Debt – Bank loan GBP 10k, trade cred 10k
Nominal value (none – in fact sh need to contribute GBP 7500)
Surplus (none: note 1)note 1 – GBP 7500 assets + GBP 7500 cash from payment = 15k. Need to pay 20k in unsecured debt. 5k shortfall loss to unsecured creditholders.
The personal garantee was for any other debts with the bank so this would include the overdraft
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but I thought question said that all debt owed to the bank is guaranteed, therefore assumed that all overdraft should be covered by the owner, wheras trade payables will be covered by company’s assets (7,750) + unpaid share capital (2,250). Ultimately everything is paid…
Also there were 3 of them all had 1000 £1 shares with 75p owing per share.
so 1000 x 75p = £750 each so £2250
The other assets were given as £7750
so after the fixed charge/land was dealt with there was £10k left for creditorsAnyway this is a Law exam. There are not marks going for getting figures correct but for stating and apply laws.
But it was a very reasonable paper and I will be disapointed if I havent passed.
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exactly what I meant… hope it was correct answer
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Can anybody tell me if ur left wd f5 only and all other skills papers r done can u sit on p 1 and 2 with f5 in June 2012
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even i thought the personal guarantee was only for the fixed charge.:):S
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