These are ACCA F4 Global (CL/LW) Corporate and Business Law MCQs for Part-A of the Syllabus “Essential elements of legal systems”.

These multiple-choice questions (MCQs) are designed to help ACCA F4 Global 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 Global (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 Global – CL/LW
Chapter:	Court-based adjudication and alternative dispute resolution mechanisms
Chapter Number:	03 of the Practice and Exam Kit
Syllabus Area:	A – “Essential elements of legal systems”
Questions Type:	CBE MCQs
Exam Section:	Section A

Syllabus Area

These Multiple Choice Questions (MCQs) cover the Syllabus Area Part A of the Syllabus; “Essential elements of legal systems” of ACCA F4 Global (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 Global 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

0 votes, 0 avg

F4 (GLO) - Chapter 03 - Part A - MCQs

Course: ACCA - Association of Chartered Certified Accountants
Subject: F4 (LW/CL) (GLOBAL) - Corporate And Business Law
Syllabus Area: A - Essential elements of legal systems
Chapter in Kit: 03 - Court-based adjudication and alternative dispute resolution mechanisms
Exam Section: Section A
Questions type: MCQs
Time: No Time Limit

INSTRUCTIONS

If you are using mobile, turn on the mobile rotation and solve the MCQs on wide screen for better experience.

REQUEST

Please rate the quiz and give us feedback once you completed the quiz.
Share with ACCA students on social media such as, Facebook Groups, Whatsapp, Telegram, etc.

1 / 15

In the English civil law system, the Queen's Bench, Family and Chancery are divisions of which particular court?

High Court

Court of Appeal

Supreme Court

2 / 15

In which court of the English criminal law system do all cases begin?

Divisional Court of Queen's Bench

Magistrate's Court

Crown Court

3 / 15

Which of the following statements concerning the European Court of Justice (ECJ) is correct?

The ECJ is part of the legal system of every European Union member state

The ECJ only hears criminal law cases

The ECJ is a sub-body of the United Nations

4 / 15

Which of the following statements concerning the International Court of Arbitration (ICA) is correct?

The ICA is a sub-body of the United Nations

The ICA applies the rules of arbitration set out by the International Chamber of Commerce

The ICA appoints arbitrators in all cases where disputes between parties are taken to arbitration

5 / 15

Which of the following statements regarding the validity of arbitration agreements under the UNCITRAL Model Law on International Commercial Arbitration, is correct?

Arbitration agreements must be in writing

Arbitration agreements must be filed with the International Court of Arbitration

Arbitration agreements must specify the arbitrators that should be appointed

6 / 15

Which of the following parties will determine the procedure to be used in an international commercial arbitration if the parties in dispute have not agreed a procedure to follow?

The arbitral tribunal

The International Court of Arbitration

The relevant court in the country that the arbitration is being heard in

7 / 15

When an arbitral award is made, which of the follow rules of law should the tribunal apply according to the UNCITRAL Model Law on International Commercial Arbitration?

The rules of law chosen by the parties

The rules of law of the state that the tribunal is being heard in

The rules of law set out by the International Court of Arbitration

8 / 15

In which of the following forms does the UNCITRAL Model Law on International Commercial Arbitration state that arbitral awards should be made?

Web page

Verbal

In writing to the parties

Newspaper announcement

9 / 15

Which of the following is a valid reason to have an arbitral award set aside?

A party was not given proper notice of an arbitrator's qualifications

The composition of the tribunal was incorrect

The award conflicts with a policy of the World Trade Organisation

The party was not notified of the arbitrator's nationality

10 / 15

Which of the following is an advantage of court-based adjudication over alternative dispute resolution?

A decision on the case is made quicker under court-based adjudication than under alternative methods

In court-based adjudication, each party's case is put forward by a legally qualified advocate

Bringing a case to court is cheaper than alternative methods

The waiting period before the case is heard is quicker under court-based adjudication

11 / 15

Which of the following international organisations developed the principle that where a written arbitration agreement is in place, then a dispute should not be heard in court?

WTO

ECJ

ICA

UNIDROIT

12 / 15

Under the UNCITRAL Model Law on International Commercial Arbitration, both the claimant and defendant must produce statements that set out their case.

Which of the following statements regarding the failure of the defendant to produce a statement of defence is correct?

Proceedings are terminated and new proceedings are started to hear the case again

Proceedings are terminated and a decision is made in favour of the claimant

Proceedings continue but the arbitral tribunal should not take the failure to submit the statement of defence as an admission of guilt

Proceedings continue but the arbitral tribunal should take the failure to submit the statement of defence as an admission of guilt

13 / 15

Where a written arbitration agreement does not specify the number of arbitrators that should sit on an arbitral tribunal, the UNCITRAL Model Law on International Commercial Arbitration states that a certain number of arbitrators should be appointed.

Under the Model Law, how many arbitrators should be appointed?

One

Three

Two

Five

14 / 15

Under the UNCITRAL Model Law on International Commercial Arbitration, where an arbitral tribunal is to have three arbitrators, one arbitrator shall be appointed by each of the two parties in dispute.

Which of the following appoints the third arbitrator?

The party that is the defendant in the case

A court in the country that the dispute is to be heard in

The International Court of Commercial Arbitration

The two appointed arbitrators

15 / 15

Under the UNCITRAL Model Law on Commercial Arbitration, the appointment of an arbitrator can be challenged if they do not possess three qualities.

Which of the following is NOT one of the three qualities that an arbitrator must possess?

Be independent

Be impartial

Be of an appropriate nationality

Be suitably qualified