Cima passleader pdf Ba4 Study Guide by Teo q402 vce pdf

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Exam Name:	Fundamentals of Ethics, Corporate Governance and Business Law
Exam Code:	BA4 Dumps
Vendor:	CIMA	Certification:	CIMA Certificate
Questions:	661 Q&A's	Shared By:	teo

Question 84

ABC Ltd has entered into a contract with DEF Ltd. The contract provides that breach a particular term entitles the innocent party to terminate the contract. What is the legal status of that term?

Options:

The term is a condition.

The term is a warranty.

The term is a penalty clause.

The term is an in nominate term.

Discussion

Question 85

Which of the 'fundamental principles' of CIMA's Code of Ethics is defined as follows?

"A professional accountant should comply with the relevant laws and regulations and should avoid any action that discredits the profession"

Options:

Integrity

Objectivity

Professional competence and due care

Professional behavior

Discussion

Question 86

In which of the following business organisations do the members have limited liability and the ability to keep the constitution private?

Options:

A limited liability partnership

A sole trader

A company limited by shares

A general partnership

Discussion

Question 87

Which of the following is incorrect in relation to a company registered after the Companies Act 2006 was fully in force?

Options:

The company is to be treated as if it has unlimited objects.

The company may choose to restrict its objects by including provisions to that effect in its Articles of Association.

The company will not be able to place any restrictions on its objects clause.

If the company has restrictions on its objects they may be amended by special resolution.

Discussion

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