F4 (CL – GLO) – Chapter 9 – PART D – CBE MCQs – ACCA

These are ACCA F4 Global (CL/LW) Corporate and Business Law MCQs for Part-D of the Syllabus “Formation and constitution of business organisations”.

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.


Course:ACCA – Association of Chartered Certified Accountants
Fundamental Level:Applied Skills
Subject:Corporate and Business Law
Paper:F4 Global – CL/LW
Chapter:Agency law
Chapter Number:09 of the Practice and Exam Kit
Syllabus Area:D – “Formation and constitution of business organisations”
Questions Type:CBE MCQs
Exam Section:Section A

Syllabus Area

These Multiple Choice Questions (MCQs) cover the Syllabus Area Part D of the Syllabus; “Formation and constitution of business organisations” of ACCA F4 Global (CL/LW) Corporate and Business Law Module.


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


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 09 - Part D - MCQs

Course: ACCA - Association of Chartered Certified Accountants
F4 (LW/CL) (GLOBAL) - Corporate And Business Law
Syllabus Area: D - Formation and constitution of business organizations
Chapter in Kit: 09 - Agency law
Exam Section: Section A
Questions type: MCQs
Time: No Time Limit


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1 / 15

The purpose of an agency relationship is to form a business contract between which of the following parties?

2 / 15

In order to form an agency relationship by express agreement, what form should the agreement take?

3 / 15

'Holding out' is a key element of which form of agency?

4 / 15

Which type of agent authority is derived from what is usual or customary in the circumstances?

5 / 15

When combined, which types of agent authority are known as an agent's actual authority?

6 / 15

Unless circumstances indicate otherwise, which party is NOT liable under a contract properly formed under an agency agreement?

7 / 15

Which of the following statements regarding agency law is correct?

8 / 15

Which type of agent runs an accountancy practice?

9 / 15

Which of the following statements concerning a principal ratifying a contract formed by an agent is correct?

10 / 15

Which TWO types of agency are formed without the agent's consent?

  1. Agency by implied agreement
  2. Agency by express agreement
  3. Agency by estoppel
  4. Agency by ratification

11 / 15

In an emergency situation, a person may need to take control of another party's goods and deal with them appropriately.

What type of agency is this known as?

12 / 15

Which of the following is included in an agent's ostensible authority?

13 / 15

In which of the following circumstances will an agent's apparent authority arise?

14 / 15

In which of the following circumstances will an agency relationship NOT be terminated?

15 / 15

In which TWO of the following situations will an agent be liable on a contract?

  1. Where it is usual business practice for the agent to be liable
  2. Where the agent acts on their own behalf even though they purport to be acting for the principal
  3. Where the principal intends for the agent to take personal liability
  4. Where the third party agrees with the principal that the agent will be liable

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