These are ACCA F4 English (CL/LW) Corporate and Business Law MCQs for Part-B of the Syllabus “The law of obligations”.

These multiple-choice questions (MCQs) are designed to help ACCA F4 English students to better understand the exam format. We aim to instill in students the habit of practicing online for their CBE exams. By doing so, students can reduce exam stress and prepare more effectively.

Please note:

Students should not attempt these MCQs until they have studied the entire chapter.
All questions are compulsory, so please do not skip any.

We hope that these MCQs will be a valuable resource for students preparing for the ACCA F4 English (CL/LW) exam.

INFORMATION ABOUT THESE CBE MCQs Test/Quiz

Course:	ACCA – Association of Chartered Certified Accountants
Fundamental Level:	Applied Skills
Subject:	Corporate and Business Law
Paper:	F4 English – CL/LW
Chapter:	Content of contracts
Chapter Number:	05 of the Practice and Exam Kit
Syllabus Area:	B – “The law of obligations”
Questions Type:	CBE MCQs
Exam Section:	Section A

Syllabus Area

These Multiple Choice Questions (MCQs) cover the Syllabus Area Part B of the Syllabus; “The law of obligations” of ACCA F4 English (CL/LW) Corporate and Business Law Module.

Time

These MCQs are not time-bound. Take your time and solve them without stress. Pay proper attention and focus. Do not rush or hesitate.

Result

Students will get their F4 English CBE MCQs Test results after they finish the entire test. They will also be able to see the correct and incorrect answers, as well as explanations for the incorrect questions.

Types of Questions

MCQs: Choose one from the given options.
Multiple choice: Choose all those answers which seem correct/ or incorrect to you, as per the requirement of the question. Keep your eye on the wording “( select all those which are correct/ or incorrect)“.
Drop-down: Select from the list provided.
Type numbers: Type your answer in numbers as per the requirement of the question.

Keywords

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F4 (ENG) - Chapter 05 - Part B - MCQs

Course: ACCA - Association of Chartered Certified Accountants
Subject: F4 (LW/CL) (ENGLISH) - Corporate And Business Law
Syllabus Area: B - The law of obligations
Chapter in Kit: 05 - Content of contracts
Exam Section: Section A
Questions type: MCQs
Time: No Time Limit

INSTRUCTIONS

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1 / 15

Which of the following actions can a party take where a term of a contract proves untrue?

Sue for misrepresentation

Sue for wrongful contract

Sue for breach of contract

2 / 15

Which of the following statements is true regarding representations?

A representation is a statement made after a contract was formed

A representation does not induce the formation of a contract

A representation is not a term of a contract

3 / 15

Which of the following statements regarding implied terms is correct?

Terms may be implied into a contract by statute

Terms implied into contracts by custom may not be overridden by express terms to the contrary

The courts do not interfere in contracts by implying terms

4 / 15

In relation to contract law, which of the following describes a warranty?

A term subsidiary to the main purpose of the contract, that if breached, entitles the injured party to claim damages

A term that is not expressly stated by the parties

A term vital to the contract, that if breached, entitles the injured party to treat the contract as discharged

5 / 15

Which of the following statements concerning the Consumer Rights Act 2015 is correct?

All terms in a consumer contract should be set out in plain, intelligible language

Businesses are not protected by the Act

The Act applies to consumer contracts but not to consumer notices

6 / 15

In relation to exclusion clauses, which of the following describes the contra proferentem rule?

Any ambiguity in exclusion clauses are interpreted against the person seeking to rely on them

Exclusion clauses are valid unless unreasonable

Exclusion clauses must be validly incorporated into the contract

7 / 15

In relation to exclusion clauses, which of the following describes the main purpose rule?

The purpose of an exclusion clause is not to prevent the main purpose of the contract

The main purpose of an exclusion clause is to help a weaker party avoid unfair contractual obligations

The main purpose of an exclusion clause is to give business efficacy to a contract

8 / 15

At which point in a contractual arrangement is a representation made?

Once both parties have provided consideration under their agreement

When the offeree submits their acceptance to the offeror

During pre-contract negotiations

When the offeror submits their offer to the offeree

9 / 15

How are express terms incorporated into a contract?

By the parties themselves

By a decision of the courts

By statute law

By what is customary in the particular trade

10 / 15

Which TWO of the following statements regarding contractual terms are correct?

Where a term is classified as a condition, the only remedy to an injured party if it is breached is to claim damages

Third parties may not determine an essential term of the contract

To be valid, a contract must be complete in its terms

The principle of freedom of contract states that parties may include in their contract any terms that they see fit

11 / 15

An innominate term is one that could either be classified as a condition or a warranty.

How is the classification of an innominate term as a condition or a warranty determined?

By the operation of statute law

By the courts

By the offeror

12 / 15

Which of the following statements concerning exclusion clauses is correct?

Exclusion clauses are not regulated by statute

Exclusion clauses can be incorporated into a contract after the contract is formed

Exclusion clauses are interpreted by the courts strictly

13 / 15

Which of the following exclusion clauses is void under the Unfair Contract Terms Act 1977?

Any exclusion clause in a contract of insurance

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 liability for loss of profit due to negligence

14 / 15

Which of the following statements concerning the Consumer Rights Act 2015 is correct?

The Act only applies to contracts that have been verbally agreed

The Act requires particularly onerous terms to be equally visible as other terms

The Act only applies to business-to-consumer contracts

The Act only applies to terms that have been individually negotiated

15 / 15

Which of the following statements concerning the Unfair Contract Terms Act 1977 is correct?

The Act automatically voids all clauses that restrict liability for loss or damage due to

The Act does not apply to terms that have been individually negotiated

The Act applies to contracts regarding a transfer of an interest in land

The Act only applies to business-to-business contracts

Your score is

F4 (CL – ENG) – Chapter 05 – PART B – CBE MCQs – ACCA