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General Queries from OT Test F4 English

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › General Queries from OT Test F4 English

  • This topic has 1 reply, 2 voices, and was last updated 10 years ago by MikeLittle.
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  • April 21, 2015 at 5:51 am #241996
    Avnish
    Member
    • Topics: 25
    • Replies: 43
    • ☆☆

    Hi Mike

    Again attempting the OT test for F4 English…

    1. Under the Bribery Act 2010, which of the following is not an offence?
    – as an English person living abroad, accepting a bribe from a businessman of overseas origin
    – paying a bribe to secure business in a country where the giving of presents is an accepted element of being successful in business
    – as an English person in England, receiving a bribe from an overseas foreign visitor
    – receiving the offer of a bribe from a foreign public official

    I put the second option, since I thought that if it is an accepted element, it probably isn’t an offence. The answer is the last one, but I thought that receiving or accepting the offer of a bribe constituted an offence

    2. Which of the following is NOT seen as an advantage of carrying on business in the form of a limited company?
    – ability to be sued in its own name
    – perpetual succession
    – avoidance of personal liability as a director of a company involved in fraudulent trading
    – raising finance

    I put down the first option, since I thought that a company cannot be sued in its own name in the first place. The answer is the third option although I am not sure why!

    Thanks again!

    April 21, 2015 at 6:45 am #242000
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23310
    • ☆☆☆☆☆

    Receiving or paying a bribe is an offense. Receiving the offer of a bribe ….. how do you stop someone from OFFERING you a bribe?

    A company can sue in its own name whereas a partnership can’t. But a director of a company is not protected from liability in the event of being guilty of fraudulent trading

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