*** F4 June 2012 Exam was … Comments and Instant Poll ***

Was just wondering how the F4 English 2012 variant was, what topics were prominent, what kind of questions were they ?

Thanks!

hey guys what came on the exam?

I thought the exam was fine, no major surprises and no really difficult areas.

The only areas I struggled on were:

Q1a: Importance of the hierarchy in court structure (7 marks)

Didn’t quite get what he wanted. I talked about judicial precedent, which courts are bound/not bound, who can set precedents, stare decisis etc.

Q2b: In relation to formation of contract, explain the meaning of a tender.

I had no idea what “a tender” was. I have heard the word before but I cannot recall ever seeing this word in my course/revision notes. It was only worth 3 marks. I made a few points about consideration and moved on.

Q6c: Explain a written resolution (worth 5 marks).

This was in my notes but I hadn’t revised it properly.

The last question, on director status and liability, I found difficult because I wasn’t sure exactly what the examiner wanted. I wrote about fraudulent and wrongful trading.

Summary of areas covered:

Application:
Director status and liability
Liquidated/penalty clauses and non-financial losses
Defining employed/self-employed and dismissal rights

Knowledge:
Importance of court structure
Define Invitation to Treat and Tender
Ord/Pref shares and debentures
Ltd/PLC/LLP differences
Ord/Special and written resolutions
Compulsory Winding-Up

I’m missing one question out of that list that I can’t recall.

No time pressures.

Think there was a negligence question too, but my memory is shot!! :}

Yes there was! A question on defenses in case of tort of negligence ( contributory and volenti non fit injuria).

@miketye said:
Glad I wasn’t the only one who had never come across tender in my law revision!! I know in the construction industry you tender for contracts, ie say you’ll take on a contract for £x/month and then the “seller” usually receives multiple tenders and chooses from them so I just went along those lines.

Compulsory winding up was a sod, I now realise that I focussed a bit too much on voluntary, I could have nailed it if it was one word different haha!

The last Directors question got me a bit too, I think it was asking quite specificly about the Act which I couldn’t remember a thing about so I ended up writing a little about the veil of incorporation and fraudulent trading and a bit about executive/non-exec/shadow directors

I had very similar problems to you with this paper, as well as private company written resolutions, I wrote mainly about the resolutions in terms on public companies.

Found the first half of the paper ok though !

F4 Russia was ok.

Hi there,

I guess the exam (F4 ENG) was OK, not really difficult, it was possible to include more difficult topics but there was not any such topic. Though I do agree with the above posts, the first question (part a) was not quite clear what answer was expected by the examiner, I tried to show the whole system of courts and also mentioned which cases could be binding according to the hierarchy of the courts.
The last question was also unclear regarding directors, I wrote something about directors, de facto directors and shadow directors, also spoke about the liability of a disqualified director, fraudulent and wrongful trading (though noted that a question didn’t indicate whether the company went insolvent or not)
The resolutions were tested (all kinds :D), I did not like this part. I don’t think I made an excellent answer but I think I passed this question.

There was no treasury shares and bribery examined and don’t remember also anything regarding auditors (I was expecting questions on these areas :D)

So hoping for the best wish you all “pass” and good luck 🙂

Regards,
Tammi

F4 RUS, surprisingly the exam seemed to be easier than all past papers.
However, it’s better to judge based on marks gained.

Yeah, I was also expecting that Bribery Act would be tested but…… anyway, I hope August 8th would turn out to be a happy day for all of us.
Good luck to all !

i think there was not enough time, at least for me as not mother tongue English speaker, the Q quite easy comparing to previous exam but i believe not only me struggled to find the right terms in a relatively short time to express my knowledge in writing.I hope we all did better than good.

Good luck!

Hi everyone,
what about Q 8 on Az. Co & B. Co?
part a) was asking whether damages can be claimed (B. breached the contract but Az could sell the ship to another Co for the same 25 m
If I remember correctly – I stated that no damages are likely to be sued – as NO damages are actually incurred
part b) 20% penalty – stated as likely to be ruled as excessive (case with the paintings)