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@yentam said:
1. C
2.D
3. A
4.A
5.C
6. D
7.B
8.A
9.C
10.A
11.C
12.C
13.B
14.D
15.C1D
2B
3A
4B
5C
6A
7B
8A
9C
10B
11A
12D
13D
14C
15D2 other people’s answers</blockquote
Thanks!
#Ahmedmirza – thanks for the reply I will check it out! Thought I had passed comfortably but got 34%! Gutted!
Failed! I was 100% convinced I had passed this one, too! Does anyone know if you can get a copy of your paper with the marks given to find out where you went wrong?
Q9 I thought was about Limited Partnerships (Liability limited to capital contribution; cannot take part in management), but also implied authority and liability of Partners. Think I put that The £10k overdraft may be ok as per implied authority re the bank, and that the partners may be liable, but there may be an action against the borrower. For the £25k, I had that the value may extend beyond implied authority, but also that the acquisition of book’s didn’t fit with the substratum of the company, hence contract may not be upheld and partner personally liable (that may be completely wrong!)
I am glad someone else mentioned pre-emption and director removal as I wasn;t sure if I was correct! Also worried about getting marked down! Couldn’t remember What a Unilateral Contract is and guessed and got it completely wrong!
Was 8 the question explaining the difference between employed and self-employed?
Q10 I thought was about breach of fiduciary duty (accepting the £50k and also not acting in the best interests of the company). Did anyone mention Pre-emption for the share issue, or removal of director by special resolution?
Q8 – I had the person who demanded more money as anticipatory breach; the money paid as possible acceptance of revised contract (with mention that one month may not have been sufficient to appoint alternate contractor hence also possible unequal bargaining power?); the person who didn’t demand the extra but was promised – straightforward past consideration not good consideration? Pls tell me if this is wrong!