Icaew law Study guides, Class notes & Summaries

ICAEW ACA Law Question and answers 2024 verified to pass What is the difference between civil law and criminal law? civil law: claimant and defendant criminal law: prosecution and accused true or false: the party brining a civil case to court is known as the prosecution false what is the party in court who is charged with a criminal offence known as? the defendant To what contract would the UN Convention on Contracts for the International Sale of Goods (UNCISG) apply? the sa...

ICAEW LawFeatures of criminal law - correct answer 1) State disapproves the conduct 2) Purpose - enforcement of particular forms of behavior 3) Case brought by the State 4) Burden of proof: on prosecution 5) Standard of proof: high standards 6) Object: to regulate society by the threat of punishment 7) Penalties: Fine or imprisonment Features of civil law - correct answer 1) Private law 2) Purpose - to resolve individual disputes 3) Case brought by claimant 4) Burden of proof on cl...

Icaew law chapter 7Share - correct answer A member’s stake in a company's share capital Name the two most common types of shares - correct answer Preference shares and ordinary shares Describe a share - correct answer A transferable form of personal property, carrying rights and obligations, by which the interest of a member of a company limited by shares is measured. Shareholder - correct answer A member of a company who holds one or more shares Define redeemable share - cor...

ICAEW LawWhat does void mean and when are contracts void? That there is no valid contract and goods should be returned; - Illegality (must not be illegal or against public policy) What does voidable mean and when are contracts voidable? The contract can be ignored by the 'injured' party; - Lack of capacity (due to age or sound of mind) - Lack of free will (duress or undue influence) - Misrepresentation (incorrect facts that made the contract happen) Which agreements must be evi...

Contract - correct answer An agreement which legally binds the parties What are the essential elements of a contract - correct answer Offer and acceptance, agreement. Intention to create legal relationship consideration. Standard form contract - correct answer A standard document prepared by many large organisations and setting out the terms on which they contract with their customers. Prepared by the dominant party which the other party has no choice but to take or leave. Freedom of...

Simple contract - Answer One that doesn't need to be in writing Contracts that must be in writing - Answer Bills of exchange Regulated Consumer Credit Arrangements Transfers of land (speciality contracts) Guarantees Void - Answer = No contract at all e.g. Illegal contract Voidable - Answer = Can be set aside e.g. Lack of capacity Lack of free will Contract made due to misrepresentation Unenforceable - Answer = Valid contract but cannot be enforced e.g. Contract ...

Looking to pass the ACA LAW Certificate exam? Look no further than these detailed notes covering the three sections of the exam: The Impact of Civil Law on Business and Professional Services, The Impact of Criminal Law on Business and Professional Services, and The Impact of Law in the Professional Context. In the first section, you'll find detailed notes on topics like company formation, shareholder influence, and directors' duties. The second section covers criminal law and includes notes...

ICAEW Law Question and answers rated A+ 2024 Features of criminal law - correct answer 1) State disapproves the conduct 2) Purpose - enforcement of particular forms of behavior 3) Case brought by the State 4) Burden of proof: on prosecution 5) Standard of proof: high standards 6) Object: to regulate society by the threat of punishment 7) Penalties: Fine or imprisonment Features of civil law - correct answer 1) Private law 2) Purpose - to resolve individual disputes 3) Case brought...

ICAEW Law Questions with complete solution 2024 What does void mean and when are contracts void? That there is no valid contract and goods should be returned; - Illegality (must not be illegal or against public policy) What does voidable mean and when are contracts voidable? The contract can be ignored by the 'injured' party; - Lack of capacity (due to age or sound of mind) - Lack of free will (duress or undue influence) - Misrepresentation (incorrect facts that made the contract ...

Icaew law chapter 7 Question and answers 100% correct 2024 Share - correct answer A member’s stake in a company's share capital Name the two most common types of shares - correct answer Preference shares and ordinary shares Describe a share - correct answer A transferable form of personal property, carrying rights and obligations, by which the interest of a member of a company limited by shares is measured. Shareholder - correct answer A member of a company who holds one or more ...