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I took the Irish variant this morning and thought it was a reasonably straightforward paper. It came as a welcome relief after last week’s F5!
I am not sure…
I took paper base exam and felt like more important areas not asked instead there was a few strange questions (multiple q’s). It wasn’t that difficult but not sure if i have done enough to pass also struggled with the language, the way questions been put down.I felt it was a fair paper… There was a bit on Money Laundering and a bit on a unilateral contract in Part B… Should end up with a 58ish
I totalled up the ones I 100% know in Section A and I got 38% / 70% at least. May have another 5-10% on top but around 7 questions I was uncertain I did ENG
I’ll definitely be resitting the UK variant as I didn’t know many of the terms in the MCQs or what they meant. However, I only had a months notice from my employer about sitting the exam so I didn’t have that much time to go through the work, let alone revise. I think if I had been more familiar with the terms in the MCQs it would have been ok.
In the written part there was an invitation to treat/advertisement question and legal position of various buyers;
there was a question on the criminal charges in relation to money laundering and layering where a guy was hiding money in his taxi firm with a dodgy accountant and manager;
A ltd which wanted to remove a shareholder by resolution because he’d set up a rival business;
A question about a ltd where the directors wanted to leave the day-to-day running to a non-director and whether they should honour the contract he’d entered.
A guy who bought shares in two companies – one with a share premium; another which become insolvent and his legal position in both companies.
I’ll be honest. I didn’t know much… I’ll be back in June!- Topics: 0
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I think perhaps, I can score more than 50 from MCQs. But, my answers should check as some of them are very complicated. Waiting for the answers……
I took the English version, I think the exam was hard. I’ve never came across with some of the terms in MCQ, for example ‘Market rule’ in relation to contract law? There are for options: Offer, Consideration, Mitigation and one more which I can’t remember the term, but the term is not a contract term. I chose consideration since only offer and consideration are related to contract law… Mike, would you have any idea of what market rule which is in relation to contract law?
shirley87,
I couldn’t recognise the term either, but I think the fourth option was Damages and in the section for Breach of contract and remedies in my BPP text there is the “market price rule” meaning that the measure of damages for breaches of contract is usually made in relation to the market price of the goods.- Topics: 0
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@debaj said:
shirley87,
I couldn’t recognise the term either, but I think the fourth option was Damages and in the section for Breach of contract and remedies in my BPP text there is the “market price rule” meaning that the measure of damages for breaches of contract is usually made in relation to the market price of the goods.Damages was not part of the options
A Offer
B Consideration
C Remoteness
D Mitigation.I chose Mitigation because the text said you can purchase at market price and recover any outstanding amount from the defendant.
I chose mitigation too by deducing the other answers… wtf I have never heard of market rule in BPP books 🙁
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@gazeboz said:
I chose mitigation too by deducing the other answers… wtf I have never heard of market rule in BPP books 🙁There is a market price rule under measure of damages.
I think its remoteness of damages. Market rule means damages payable by the defendant is based on the difference of selling price in the market or proceeds of sale and the amount being agreed in the contract. My thought.
MCQs are up here are my answers: – (Mr Little I would love to see what are your answers 🙂
1b (prob c)
2b
3d
4c
5a (prob c)
6a
7d
8b
9b
10b
11c
12b
13c
14d
15b
16b
17c
18c
19b
20a
21c
22a (prob b)
23a (prob c)
24d
25a
26a
27d
28b
29c
30d
31a
32c
33b
34c
35c
36d
37a
38c
39b (prob d)
40b
41a
42b
43b (prob a)
44a
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@gazeboz said:
I chose mitigation too by deducing the other answers… wtf I have never heard of market rule in BPP books 🙁Number one in section B was a bit tricky for me. Looked like both an invitation to treat and an offer
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@jombeetupas said:
I think its remoteness of damages. Market rule means damages payable by the defendant is based on the difference of selling price in the market or proceeds of sale and the amount being agreed in the contract. My thought.Market rule relates to measure of damages. Remoteness has to do with losses arising naturally and constructive knowledge of loss
@kolkleen said:
Number one in section B was a bit tricky for me. Looked like both an invitation to treat and an offerI chose it was a unilateral offer because it was willing to be bound on specific terms – payment method, price, date offer ends . Also if it was invitation to treat it would make all parts of the ACCA question a moot point.
I said the girl who offered a check has no recourse bc the offer specifically stated cash will be accepted
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@gazeboz said:
I chose it was a unilateral offer because it was willing to be bound on specific terms – payment method, price, date offer ends . Also if it was invitation to treat it would make all parts of the ACCA question a moot point.I said the girl who offered a check has no recourse bc the offer specifically stated cash will be accepted
I agree with you
@kolkleen said:
I agree with youI hope no trick in this question because for me it’s an invitation to treat. And it’s the discretion of Ann to accept or not the offers. And post rule is not applied here since advertisement is not an offer. Therefore, no agreement or contract has been established except for the one who truly a legal buyer.
@gazeboz said:
I chose it was a unilateral offer because it was willing to be bound on specific terms – payment method, price, date offer ends . Also if it was invitation to treat it would make all parts of the ACCA question a moot point.I said the girl who offered a check has no recourse bc the offer specifically stated cash will be accepted
I did a similar question in our revision class, I thought the advert with specific terms would be an unilateral offer, however the correct answer is an invitation to treat if I ha remember it correctly, so I chose invitation to treat for the answer.
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