ACCA F4 LW Mock Exam

Paper Corporate & Business Law LW, previously F4 is one of the Applied Skills level ACCA exam. This is an exam-style mock for Paper LW (F4) that contains 20 MCQs based on the latest F4 (LW) syllabus. Start the Start button below to attempt the latest mock exam for paper F4 (LW).

ACCA LW-ENG (F4) Mock Exam

The LW-ENG (F4) Mock exam has 20 exam-style questions and you’re expected to attempt the F4 (LW) mock exam under exam conditions to get the most out of it.

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#1. Which of the following is an extrinsic aid to statutory interpretation?

Long title of the Act

Long title of the Act

Hansard

Hansard

The preamble of the Act

The preamble of the Act

Side notes to the statute

Side notes to the statute

#2. Which of the following factors indicates that a person is self-employed rather than an employee?

The person is able to make financial decisions for a company

The person is able to make financial decisions for a company

The person owns their own tools

The person owns their own tools

The person is paid monthly

The person is paid monthly

The person may not outsource their work

The person may not outsource their work

#3. Which of the following courts only has civil jurisdiction?

The Magistrates' court

The Magistrates' court

Crown Court

Crown Court

Court of Appeal

Court of Appeal

The country court

The country court

#4. With regard to the tests applied by the courts to determine whether a person is an employee or self-employed, which of the following describes the focus of the integration test?

Does the person work on their own account?

Does the person work on their own account?

Does the employer have control over how the person does their work?

Does the employer have control over how the person does their work?

Is the employee so skilled that they cannot be controlled in the performance of their duties?

Is the employee so skilled that they cannot be controlled in the performance of their duties?

How long has the person worked for the employer?

How long has the person worked for the employer?

#5. Which of the following best describes liquidated damages (Contract Law)?

A genuine pre-estimate of losses payable in the event of breach of contract

A genuine pre-estimate of losses payable in the event of breach of contract

A specific sum payable in the event of breach of contract

A specific sum payable in the event of breach of contract

Amount payable to punish a party for their breach

Amount payable to punish a party for their breach

#6. Anticipatory Breach occurs:

At the time performance is due

At the time performance is due

NONE of these

NONE of these

After the time performance is due

After the time performance is due

Before the time performance is due

Before the time performance is due

#7. Which of the following offences would only be heard at a Magistrates' Court? ? C'mon!!

Summary Offence

Summary Offence

Triable either way offence

Triable either way offence

Indictable Offence

Indictable Offence

Minor offences are heard at the magistrates’ court. Indictable offences are serious offences that are heard at the crown court. In triable either way offence, the accused has the choice to choose which court will hear the case.

#8. Which of the following will result in termination of an offer?

Posting a letter of revocation

Posting a letter of revocation

Death of the offeree

Death of the offeree

A request for information

A request for information

#9. What does the "Golden Rule" refer to?

NONE of these

NONE of these

BOTH of these

BOTH of these

words in a statute should be given their plain, ordinary meaning unless this would give rise to a manifest absurdity or inconsistency with the rest of the statute

words in a statute should be given their plain, ordinary meaning unless this would give rise to a manifest absurdity or inconsistency with the rest of the statute

words in a court should be given their plain, ordinary meaning unless this would give rise to a manifest absurdity or inconsistency with the rest of the court proceedings

words in a court should be given their plain, ordinary meaning unless this would give rise to a manifest absurdity or inconsistency with the rest of the court proceedings

#10. Injunction is an example of an equitable remedy for breach of contract. TRUE or FALSE?

FALSE

FALSE

TRUE

TRUE

#11. The tort of "passing-off" is best described by:

Misleading a consumer to take actions that are to their detriment

Misleading a consumer to take actions that are to their detriment

The use of a business name or trademark that misleads the consumer to believe that one business is that of another

The use of a business name or trademark that misleads the consumer to believe that one business is that of another

"Passing-off" is suing someone for a breach of contract

"Passing-off" is suing someone for a breach of contract

#12. Which ONE of the following parties are involved in a civil law case?

Defendant

Defendant

NONE of these

NONE of these

Accused Party

Accused Party

Prosecution

Prosecution

#13. Which of the following statements concerning the Unfair Contract Terms Act 1977 is INCORRECT?

A clause that excludes liability for breach of contract

A clause that excludes liability for breach of contract

A clause that excludes the condition that the seller has a right to sell the goods

A clause that excludes the condition that the seller has a right to sell the goods

#14. Which of the following statements describes constructive dismissal?

The employee resigns upon not receiving their bonus

The employee resigns upon not receiving their bonus

The employee is fired without any notice

The employee is fired without any notice

The employee is asked to work 45 hours per week while they were hired to perform 30 hours

The employee is asked to work 45 hours per week while they were hired to perform 30 hours

The employee is fired for breaching the employment contract

The employee is fired for breaching the employment contract

#15. Which of the following is the main purpose of exclusion clause?

The purpose of exclusion clause is NOT to prevent the main purpose of the contract

The purpose of exclusion clause is NOT to prevent the main purpose of the contract

The purpose of exclusion clause is TO prevent the main purpose of the contract

The purpose of exclusion clause is TO prevent the main purpose of the contract

To help a weaker party avoid unfair contractual obligations

To help a weaker party avoid unfair contractual obligations

#16. Which of the following formalities is necessary to form an unlimited liability partnership?

A detailed written agreement of partnership

A detailed written agreement of partnership

A security deposit by ALL partners

A security deposit by ALL partners

A security deposit by Leading Partner

A security deposit by Leading Partner

Merely a decision by partners to set up a partnership

Merely a decision by partners to set up a partnership

#17. Accountancy practices are run as partnerships by partners (Agency Law) - TRUE or FALSE?

TRUE

TRUE

FALSE

FALSE

#18. Which TWO of the following are NOT the stages that a bill passes through before becoming legislation?

Select TWO

Fourth Reading

Fourth Reading

Report Stage

Report Stage

Committee Stage

Committee Stage

Approval Stage

Approval Stage

#19. How long an offer remains open if no expiry date has been set? (In relation to Contract Law)

For a reasonable time

For a reasonable time

One Week

One Week

One Year

One Year

3 Months

3 Months

#20. Which of the following statements is true regarding representations?

A representation is a type of contract

A representation is a type of contract

A representation is a term set after the contract

A representation is a term set after the contract

A representation is not a term of a contract

A representation is not a term of a contract

A representation is a term of a contract

A representation is a term of a contract

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