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All BA4 Test Inside CIMA Questions

Page: 16 / 25
Total 661 questions

Fundamentals of Ethics - Corporate Governance and Business Law Questions and Answers

Question 61

Which of the following is correct?

(i) The provisions of the Memorandum of Association do not form a contract between the members and the company.

(ii) The provisions of the Articles of Association form a contract between the members and the company.

(iii)      One member may sue another directly on the provisions in the Articles of Association which contain ordinary membership rights.

Options:

A.

(i) only

B.

(ii) only

C.

(i) and (ii) only

D.

(ii) and (iii) only

Question 62

Which of the following is a civil action? 

i. An action by a local authority against a restaurant for selling impure food.

ii. An action by a taxpayer against Her Majesty's Revenue and Customs (“HMRC”) in relation to an expenses claim which has been refused by the Inspector of Taxes.

iii. An action by Exe Ltd against Zed Ltd for supplying equipment which was found to be dangerous.

Options:

A.

(i) only

B.

(ii) only

C.

(i) and (ii) only

D.

(i) and (iii) only

Question 63

Which of the following cases of dismissal are likely to be deemed automatically fair by an employment tribunal?

Options:

A.

Tom - A 75-year-old firefighter whose boss made him retire because of the physical nature of the job.

B.

Nigel - A security guard who had been dismissed for drinking on the job.

C.

Sara - An accountant who was dismissed for lying about her qualifications during her initial interview.

D.

Bob - An employee at a biscuit factory who was dismissed because the company they worked for wanted to save money despite having no debts.

E.

Anita - An employee at an IT firm who was dismissed by her boss because she is a graduate who doesn't have much experience.

Question 64

B agreed in his contract that he would not work for a competitor of Gee Ltd for a period of 12 months after leaving the company's employment. On leaving Gee Ltd, B worked for Zed Ltd, a competitor of Gee Ltd. If the restriction in B's contract with Gee Ltd should be found to be reasonable, which of the following remedies is Gee Ltd entitled to? 

(i) A decree of specific performance forcing B to comply with his contract with Gee Ltd.

(ii) Damages in respect of any loss caused by B's breach of contract.

(iii) An injunction to stop B working for Zed Ltd. 

Options:

A.

(i) only

B.

(i) and (ii) only

C.

(ii) and (iii) only

D.

(i), (ii) and (iii)

Page: 16 / 25
Total 661 questions