F4 (CL – GLO) – Chapter 5 – PART B – CBE MCQs – ACCA

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:Obligations and risk in contracts for international sales
Chapter Number:05 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.

 

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F4 (GLO) - Chapter 05 - 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: 05 - Obligations and risk in contracts for international sales
Exam Section: Section A
Questions type: MCQs
Time: No Time Limit

INSTRUCTIONS

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

REQUEST

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

1 / 15

If a contract that involves carriage of the goods, formed under the UN Convention on Contracts for the International Sale of Goods does not specify a place where the goods are to be delivered, at which point does the seller discharge their obligations with respect to delivery?

2 / 15

If a contract formed under the UN Convention on Contracts for the International Sale of Goods does not specify a time period for delivery, when should delivery take place?

3 / 15

Which of the following correctly states the conformity requirements for goods sold under the UN Convention on Contracts for the International Sale of Goods?

4 / 15

Which of the following correctly states the obligation of the buyer with regard to delivery of the goods under the UN Convention on Contracts for the International Sale of Goods?

5 / 15

In which of the following circumstances may a seller declare a contract with a buyer avoided under the UN Convention on Contracts for the International Sale of Goods?

6 / 15

Which of the following correctly describes anticipatory breach of contract under the UN Convention on Contracts for the International Sale of Goods?

7 / 15

Under the UN Convention on Contracts for the International Sale of Goods, where a buyer is late in paying for the goods, which of the following remedies is the seller entitled to?

8 / 15

Where a contract has been avoided under the UN Convention on Contracts for the International Sale of Goods, which of the following statements is correct?

9 / 15

Under the UN Convention on Contracts for the International Sale of Goods, where a contract includes carriage but does not state where risk passes, at which point does the risk to the goods pass from seller to buyer?

10 / 15

Under the UN Convention on Contracts for the International Sale of Goods, goods do not have to comply with rules and regulations in the buyer's state unless one of a number of exceptions applies.

Which one of the following is NOT an exception to the rule?

11 / 15

Which of the following remedies is ALWAYS available to the buyer in a contract under the UN Convention on Contracts for the International Sale of Goods when the seller is in breach of contract?

12 / 15

In a contract under the UN Convention on Contracts for the International Sale of Goods, where the place of payment is not specified in the contract, where should payment be made?

13 / 15

Gur is in breach of his contract to buy a consignment of goods from Yac. The goods cost Yac $1,000 to make and the selling price to Gur was $2,000. Yac had an offer to sell the goods to Hef instead for $1,500 but decided to refuse the opportunity.

What is the value of damages that Yac will be entitled to under the UN Convention on Contracts for the International Sale of Goods?

14 / 15

Which of the following is a valid exemption for a seller being liable for breach of contract?

15 / 15

Jac took delivery of a consignment of fresh fruit from Kel. He intended to reject the goods for lack of conformity but Kel could not collect the fruit for a week, by which time the fruit would have perished.

The value of the fruit under the contract was $2,000 and Jac decided to sell the fruit rather than let them perish. The fruit was sold for $1,500 and Jac incurred $300 selling expenses.

In these circumstances, which of the following statements is correct?

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