LWF4 UK – exam tips – June 2013 (Bpp, Kaplan, First Intuition)

Exam tips are out! Enjoy but do not rely on them. Kaplan - English legal system Types of law Court structure Court vs tribunal Interpretation of statute Human Rights Act Tribunals - Contract law Exclusion clauses Offer and acceptance Consideration/privity of contract Express and implied terms Intention to create legal relations - Tort of negligence Duty of care Breach of duty Professional misstatement - Employment law Common law duties Remedies Redundancy - Agency/partnership How agency relationship arises Liability of agents & partners Termination of partnership - Company law Separate personality/lifting the veil Articles of association Statutory books Choice of business structure/private v public company Treasury shares Class rights Loan capital/charges Appointment/removal/disqualification of directors Directors authority Directors’ duties Meeings Auditors Company secretary Corporate governance - Fraudulent behaviour Money laundering Market abuse Bribery Fraudulent and wrongful trading BPP Important areas to cover: Q1 – English legal system; court structures and sources of law. Q2 – Contract formation; offer, acceptance and consideration. Q3 – Tort of negligence; duty of care, breach, causation and defences. Q4 – Formation of company; or operation of a partnership. Q5 – Capital and financing; shares and/or debentures. Q6 – Company officers; directors/secretary/auditors. Q7 – Employment law; employees v self employed workers. Q8 – Contract dispute; breach of contract and damages. Q9 – Breach of directors duties. Q10 – Fraudulent behaviour; Money laundering or Bribery. Opentuition Q1 Rules of interpretation, literal and golden Q2 Privity of contract and intention to create legal relations Q3 Terms, representation, implied and express Q4 Appointment, powers and duties of a plc company secretary Q5 Legality of dividends and consequences OR treasury shares Q6 Duty of directors to promote the success of the company Q7 Duties of principals and agents Q8 Advert scenario, invitation, offer, counter offer, breach Q9 Partnership dissolution Q10 Fraudulent and wrongful trading OR Bribery Act First Intuition * English legal system. * Consideration. * Remedies for breach. * Professional negligence. * Veil of incorporation. * Redundancy. * Directors duties. * Winding up. * Partnerships. * Fixed v floating charges. _______________________________________ Source: https://www.pqaccountant.com/ https://www.kaplan-exam-tips.com/acca/ Very best of luck with your exams! ansi