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Is there a huge need for case names to be remembered ,i don’t want to spend time learning them that could be spent on areas of f6 which i’m also studying at the same time.
Thanks
Anthony
Mike ,i have found the below answer ,so there is no need to answer this now.I will leave the below as it may help others.
Thanks
Anthonythere is no longer any great need to remember the cases
There used to be but, following the change in the structure of the F4 exam, that need has now disappeared.
There is NO opportunity in the F4 current format to demonstrate your encyclopedic knowledge of 400 year old cases from English law (more’s the pity!)
Just make sure that you remember the principles that each case illustrates
OK?
This is question 46 from the computer based specimen exam.
It’s one of 5 similar style questions and is worth 6 marks
I believe that that answers you
‘Axel Co, a German company, operates a business making specialist machinery for the international car manufacturing industry. In 2011, Axel Co entered into an agreement with Bold Co, a Danish manufacturer, to build a specific piece of machinery to Bold Co’s specification. The total contract price was $7 million. However, just before the completion of the machinery, Bold Co informed Axel Co that, due to the downturn in the world economy, it no longer needed the machinery. Axel Co, which had already expended $5 million in producing the machinery, immediately started an action against Bold Co for breach of contract.
However, in the week before the case was to be decided in court, Axel Co sold the machinery to a new client for exactly the same amount of money that they would have received from Bold Co.
It may be assumed that the UN Convention on Contracts for the International Sale of Goods applies.’that is great but i will set the English variant please
is there a different according to the this question
This is question 46 from the F4 English variant computer based specimen exam.
It’s one of 5 similar style questions and is worth 6 marks
‘Az Ltd operates a shipbuilding business which specialises in constructing and modifying ships to order. In 2011, Az Ltd entered into an agreement with Bob to completely rebuild a ship to Bob’s specification for a total contract price of £7 million. However after completion, Bob informed Az Ltd that, due to the downturn in the world economy, he no longer needed the ship. Az Ltd had already expended £5 million on altering the ship, and immediately started an action against Bob for breach of contract.
However, in the week before the case was to be decided in the court, Az Ltd sold the ship for the same amount of money that they would have received from Bob.’
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