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Unformatted text preview: Fundamentals Level – Skills Module Time allowed Reading and planning: 15 minutes Writing: 3 hours ALL TEN questions are compulsory and MUST be attempted. Do NOT open this paper until instructed by the supervisor. During reading and planning time only the question paper may be annotated. You must NOT write in your answer booklet until instructed by the supervisor. This question paper must not be removed from the examination hall. Paper F4 (ENG) Corporate and Business Law (English) Tuesday 2 December 2008 The Association of Chartered Certified Accountants ALL TEN questions are compulsory and MUST be attempted 1 In relation to the English legal system, explain the main sources of contemporary law. (10 marks) 2 In relation to the law of contract, explain what is meant by breach of contract, paying attention to anticipatory breach. (10 marks) 3 In relation to defences in the tort of negligence, explain the meaning of: (a) contributory negligence; (5 marks) (b) volenti non fit injuria (consent). (5 marks) (10 marks) 4 In relation to a company’s shares, explain the following: (a) the statement of capital and initial shareholdings;...
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- Spring '11