These are ACCA F4 Global (CL/LW) Corporate and Business Law MCQs for Part-B of the Syllabus “International business transactions”.

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:	Contracts for the international sale of goods
Chapter Number:	04 of the Practice and Exam Kit
Syllabus Area:	B – “International business transactions”
Questions Type:	CBE MCQs
Exam Section:	Section A

Syllabus Area

These Multiple Choice Questions (MCQs) cover the Syllabus Area Part B of the Syllabus; “International business transactions” 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

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F4 (GLO) - Chapter 04 - Part B - MCQs

Course: ACCA - Association of Chartered Certified Accountants
Subject: F4 (LW/CL) (GLOBAL) - Corporate And Business Law
Syllabus Area: B - International business transactions
Chapter in Kit: 04 - Contracts for the international sale of goods
Exam Section: Section A
Questions type: MCQs
Time: No Time Limit

INSTRUCTIONS

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1 / 15

Which of the following contracts does the UN Convention on Contracts for the International Sale of Goods apply to?

Contracts for the sale of shares

Contracts for commodities used in the production of clothing

Contracts for goods bought at auction

2 / 15

To which of the following contracts does the UN Convention on Contracts for the International Sale of Goods apply to?

Between Company A and Company B who are of the same nationality and have their places of business in the same state

Between Company A and Company B who are of the same nationality but have their places of business in different states

Between Company A and Company B who have different nationalities but have their places of business in the same state

3 / 15

Which of the following statements concerning the sphere of application of the UN Convention on Contracts for the International Sale of Goods is correct?

For the Convention to apply to a state, the state must ratify the Convention in full

States may declare that certain parts of the Convention do not apply to it but must agree that the Convention applies to contracts between itself and all other states

States may declare that certain parts of the Convention do not apply to it and declare that the Convention does not apply to contracts between itself and particular other states

4 / 15

Under the UN Convention on Contracts for the International Sale of Goods, at which point does an offer made by post become effective?

When it is posted

When it is delivered to the offeree

When it is written

5 / 15

Under the UN Convention on Contracts for the International Sale of Goods, at which point does an acceptance made by post become effective?

When it is delivered to the offeror

When it is posted

When it is written

6 / 15

Under the UN Convention on Contracts for the International Sale of Goods, when should an offer made orally be accepted?

Within a reasonable time period

At any time after the offer was made

Immediately it is received by the offeree

7 / 15

According the UN Convention on Contracts for the International Sale of Goods, what is the latest point in time that an offer may be withdrawn?

At any time after the offer has been received by the offeree, but before any acceptance reaches the offeror

At the same time the offer reaches the offeree

At any time before the offer reaches the offeree

8 / 15

Under which of the following ICC Incoterms does the seller have the minimum obligations with respect to delivery?

FCA

CPT

EXW

DDP

9 / 15

Which of the following ICC Incoterms applies only to contracts involving marine transport?

FCA

DDP

FAS

DAP

10 / 15

Under the UN Convention on Contracts for the International Sale of Goods, at which point is a contract formed?

When an offer has been made

When an offer has been made and validly accepted

When the offeror and offeree have both performed their obligations under a validly accepted offer

When the offeror has performed their obligations under a validly accepted offer

11 / 15

Which of the following replies to an offer made under the UN Convention on Contracts for the International Sale of Goods would NOT be classified as a counter-offer?

A reply that seeks to change to the place of delivery

A reply that seeks to change the quantity of the goods supplied

A reply that seeks to change the price of the goods from an out-of-date price to an up-to-date price

A reply that seeks to change how disputes under the contract are to be settled

12 / 15

Which of the following ICC Incoterms places the most obligations on the seller?

CFR

DDP

DAT

CIF

13 / 15

ICC Incoterms imply terms into contracts for the international sale of goods.

Which of the following terms are implied into contracts by Incoterms?

Termination of contract

Passage of risk

Quantity of the goods

Quality of the goods

14 / 15

Which of the following ICC Incoterms applies to any form of transport?

DAT

CFR

FOB

CIF

15 / 15

The ICC Incoterm CIF states that the seller must bear the cost of insuring the goods to the named port in the country of import.

What is the minimum value that such insurance should cover?

75% of the contract value

50% of the contract value

110% of the contract value

100% of the contract value

Your score is

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F4 (CL – GLO) – Chapter 4 – PART B – CBE MCQs – ACCA