June 10 Exams POLL Paper F4 was Post your comments here

q10 for me was confusing cdnt attempt the whole was outa to time ddint completed tho i ddint even knew whole of it 😛
rest went ok..
thnx to the tips from OT many questions came exactly as it was given 🙂

Q9 I thought was about Limited Partnerships (Liability limited to capital contribution; cannot take part in management), but also implied authority and liability of Partners. Think I put that The £10k overdraft may be ok as per implied authority re the bank, and that the partners may be liable, but there may be an action against the borrower. For the £25k, I had that the value may extend beyond implied authority, but also that the acquisition of book’s didn’t fit with the substratum of the company, hence contract may not be upheld and partner personally liable (that may be completely wrong!)

thnks OP!!!
the lecturer fr F4 on OP is one the best!!

@roby72s said:
In regard of q8 in was to do with performance of existing duties: if a person ask for extra payment to finish the job in time, normally the person requesting the extra cash is not entitled to get it because he/she is only performing what is supposed to do. The other person is not binding from the request because has not received any benefit from it: i for example someone says i will pay you more, for example $1000 dollars the promise will not be binding unless the person offering the extra money receives a benefit, for example the avoidance of a penalty clause.Anyway can you help me it seems I cannot remember one of the question>
q1 system of civil court
q2 offer, counter offer, unilateral contract
q3 Document to be delivered for plc
q4 explain duty of care
q5 secretary
q6 debentures, floating charge, fix charged
Q7?
q8 scenario
q9 partnership
q10 directors

Registration procedure for a plc.

paper was very easy but not sure about Q10. scenario it self is difficult to understand and i wrote about breach of fiduciary duty. IT IS A BIG MESS.

@addu2001 said:
Paper was okay ! Opentuition didnt provide notes or lecture videos regarding partnership law question 9 & question 7 regarding employment law…

1 2 3 5 was easy … rest was shaky !

there are open tuition videos on partnership just check vid section

kaplan book didnt even mention unilateral contracts! other than scenario questions though it was OK, didnt get much written about company secretary’s duties or powers, finger crossed though!

as for me Global, was ok although i have to admit, the last Q, which was same for ENG&GLo, i made a mix of insider dealing due to the fact shares were mentioned and breach of fiduciary duty, and i didt finish all this part of fiduciary. hope i’ll get some credit anyway 🙂
good luck too all of us, for the result 🙂

question Number 9 and 10 were tricky . Rest of the paper was easy .

m

unilateral contract is present in kaplan under the topic Revocation there are two types of contracts Collateral contracts and unilateral contract !!!

gosh !!! didnt hav time 2 write d last q ,,n d first 1 properly,scared a bit !!!

i guess q10 was all about the duties of directors sec171 and d power of directors to allot shares
and d procedure of getting agreement of share holders after crossing the power of allotment…
dats all it was
i guess…

and q8 was same as williams v/s roffey bross and nicholls
in which it was decided dat if both the parties are getting some economic benefit den the extra payment is valid..in williams case the promissor was avoiding d penalty cost which he could face by late work so d consideration was held to be valid

and in d exam scenario the defendant could open her art gallery early if the work got complete early and earn profit early so she was getting economic benefit tooo
so acc to me d consideration as valid and promise was binding
s william’s case is a new approach of the courts (mentioned in d books)