iv
A note about copyright
Dear Customer
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Using your BPP Learning Media products
This Kit gives you the question practice and guidance you need in the exam. Our other products can also help you pass:
Learning to Learn Accountancy gives further valuable advice on revision
Passcards provide you with clear topic summaries and exam tips
Success CDs help you revise on the move
i-Pass CDs offer tests of knowledge against the clock
Underlying knowledge CD offers guidance on assumed knowledge for Options papers P4, P5, P6, P7
You can purchase these products by visiting http://www.bpp.com/acca
Finding questions
v
Question index
The headings in this checklist/index indicate the main topics of questions, but questions may cover several different
topics.
Questions set under the old syllabus 2.2 paper are included because their style and content reflect the F4 exam.
Some questions have been amended to reflect the current exam format.
Time Page number
Marks
allocation
Mins
Question
Answer
Part A: Essential elements of the legal system
1 Types of law 10
18
3 37
2 Legal system and courts (12/07) 10
18
3 38
3 Criminal and civil law (6/11) 10
18
3 39
4 Civil courts (6/10) 10
18
3 41
5 Contemporary sources of law (12/08) 10
18
3 42
6 Precedent 10
18
3 44
7 Precedent; terms (6/09) 10
18
4 46
8 Courts and precedent (6/12) 10
18
4 48
9 Legal terms (2.2 6/05) 10
18
4 49
10 Common law and legislation (6/08) 10
18
4 51
11 Case law and legislation (12/11) 10
18
4 53
12 Statutory interpretation (12/09) 10
18
4 54
13 Primary and secondary legislation (12/10) 10
18
5 56
14 Delegated legislation (Pilot Paper) 10
18
5 58
15 Sources of law and the Human Rights Act 1998 10
18
5 60
Part B: The law of obligations
16 Alvin (12/08) 10
18
6 61
17 Ann's art (2.2 12/01 amended) 10
18
6 63
18 Ali (12/07) 10
18
6 64
19 Offers, counter-offers and unilateral offers (6/10) 10
18
7 66
20 Offers and invitations to treat (6/08) 10
18
7 67
21 Invitation to treat and tenders (6/12) 10
18
7 69
22 Offer and termination of offer (6/11) 10
18
7 71
23 Acceptance and revocation of offer (2.2 6/03) 10
18
7 72
24 Ace Ltd (2.2 6/07 amended) 10
18
7 74
25 AI (Pilot Paper) 10
18
8 75
26 Presumption and rebuttal (2.2 12/05) 10
18
8 77
27 Amy, Ben and Che (12/10) 10
18
8 79
28 Privity and the postal rule (12/09) 10
18
9 81
29 Privity and intention (12/07) 10
18
9 83
30 Consideration (6/09) 10
18
9 84
31 Forms of consideration (2.2 12/02) 10
18
9 86
32 Ami, Bry and Cis (6/10) 10
18
9 87
33 Ade and Chip (12/11) 10
18
10 89
vi
Finding questions
Time Page number
Marks
allocation
Mins
Question
Answer
34 Ari, Bi, Cas and Dex (6/11) 10
18
10 91
35 Types of term I (Pilot Paper, 12/11) 10
18
10 93
36 Types of term II (6/09) 10
18
11 94
37 Exclusion clauses (2.2 6/02) 10
18
11 96
38 Bash Ltd (12/09) 10
18
11 98
39 Breach of contract (12/08) 10
18
11 100
40 Arti (6/09) 10
18
11 101
41 Astride (6/08) 10
18
12 103
42 Remedies for breach (12/10) 10
18
12 105
43 Remoteness and measure of damages (2.2 6/04) 10
18
12 107
44 Liquidated damages, penalty clauses and mitigation (12/09) 10
18
12 109
45 AZ Ltd (6/12) 10
18
13
111
46 Duty of care (Pilot Paper, 6/10) 10
18
13
113
47 An auditor's duty of care (12/09, 12/11) 10
18
13
115
48 Standard of care (6/08) 10
18
13
117
49 Standard of care and contributory negligence (6/11) 10
18
13
119
50 Principles of tort (12/10) 10
18
14
121
51 Remoteness of damage (12/07) 10
18
14
123
52 Roger and Lulu 10
18
14
124
53 Defences (12/08, 6/12) 10
18
14
125
54 Accountants4U 10
18
14
126
Part C: Employment law
55 Employed v self-employed (6/08) 10 18 15 127
56 Employment contracts (6/10) 10 18 15 129
57 Employer and employee duties (12/09) 10 18 15 131
58 Redundancy (Pilot Paper, 6/09, 12/11) 10 18 15 132
59 Constructive and unfair dismissal (12/07) 10 18 15 134
60 Fair and constructive dismissal (12/08) 10 18 15 136
61 Unfair dismissal (12/10) 10 18 16 138
62 Unfair, constructive and wrongful dismissal (6/11) 10 18 16 141
63 Fine Ltd 10 18 16 143
64 Grace and Fawn Ltd (2.2 12/02 amended) 10 18 16 144
65 Eve and Fred (6/12) 10 18 17 146
66 Impact College (2.2 12/05 amended) 10 18 17 148
Part D: The formation and constitution of business
organisations
67 Types of authority (12/11) 10 18 18 150
68 Unlimited and limited partnerships 10 18 18 152
69 Ham, Sam and Tam (12/08) 10 18 18 153
70 Clare, Dan and Eve (6/08) 10 18 18 155
71 Chi, Di and Fi (6/10) 10 18 19 156
72 Partnership liability 10 18 19 158
Finding questions
vii
Time Page number
Marks
allocation
Mins
Question
Answer
73 Termination of partnerships (2.2 12/02) 10 18 19 159
74 Geo, Ho and Lo (12/10) 10 18 19 160
75 Limited liability and types of company (12/09) 10 18 20 162
76 Promoters and pre-incorporation contracts (6/11) 10 18 20 163
77 Separate personality (6/08) 10 18 20 164
78 Mick (2.2 12/05 amended) 10 18 20 167
79 Doc (12/11) 10 18 20 169
80 Public companies (Pilot Paper, 6/10) 10 18 21 171
81 Company registers and accounting records (12/10) 10 18 21 173
82 Eden plc (2.2 6/05 amended) 10 18 21 174
83 Objects clause (2.2 6/05 amended) 10 18 21 176
84 Articles (2.2 6/04 amended) 10 18 22 177
85 Fred (12/08) 10 18 22 179
86 Company names (6/09) 10 18 22 180
87 Various terms (6/12) 10 18 22 182
Part E: Capital and the financing of companies
88 Discount and premium (6/11) 10 18 23 184
89 Capital terms I (2.2 12/03 amended) 10 18 23 186
90 Shares and debentures (6/08 amended, 6/12) 10 18 23 187
91 Capital terms II (12/08) 10 18 23 189
92 Capital terms III (12/11) 10 18 24 190
93 Share issues (12/10) 10 18 24 192
94 Capital maintenance and reducing share capital (6/09) 10 18 24 194
95 Class rights (2.2 12/02) 10 18 24 196
96 Flop Ltd (Pilot Paper) 10 18 24 198
97 Lux Ltd (2.2 6/07 amended) 10 18 25 199
98 Gilt Ltd (6/10) 10 18 25 200
99 Dividends (12/07) 10 18 25 202
100 Fan plc (12/10) 10 18 26 204
101 Debentures and charges (6/10) 10 18 26 206
Part F: Management, administration and regulation
of companies
102 Resolutions (12/08 amended, 6/12) 10 18 27 208
103 Meetings (Pilot Paper) 10 18 27 209
104 Company secretary (6/10) 10 18 27 211
105 Implied authority and company secretary (2.2 6/07) 10 18 27 212
106 Appointment and removal (2.2 12/03) 10 18 27 213
107 Statutory grounds for disqualifying directors (6/09) 10 18 27 214
108 Statutory duties (12/10) 10 18 28 216
109 Promoting success (12/08) 10 18 28 217
110 Caz (12/09) 10 18 28 219
111 Directors (6/08) 10 18 28 220
viii
Finding questions
Time Page number
Marks
allocation
Mins
Question
Answer
112 Auditors (12/07) 10 18 28 222
113 Katch Ltd (12/07) 10 18 28 224
114 Goal Ltd (6/11) 10 18 29 226
115 Clean Ltd (6/09) 10 18 29 228
116 Ham, Ive, Ger and Kim (6/12) 10 18 29 230
Part G: Legal implications of companies in
difficulty or in crisis
117 Liquidation (2.2 12/04 amended) 10 18 30 232
118 Compulsory winding up (6/12) 10 18 30 234
119 Lazy Days 10 18 30 236
120 Compulsory winding up and administration (12/09) 10 18 30 237
121 Mat, Mary and Norm (6/11) 10 18 31 239
122 Earl (12/07) 10 18 31 241
Part H: Governance and ethical issues relating to
business
123 Directors and Corporate Governance I (Pilot Paper) 10 18 32 242
124 Directors and Corporate Governance II (12/11) 10 18 32 243
125 Corporate governance (6/11) 10 18 32 245
126 UK Corporate Governance Code 10 18 32 247
127 Huge plc (Pilot Paper) 10 18 32 249
128 Sid and Vic (6/08) 10 18 33 250
129 Wrongful trading (2.2 12/05) 10 18 33 252
130 Fran, Gram and Hen (12/09) 10 18 33 253
131 Ian (12/11) 10 18 34 255
132 Greg (6/09) 10 18 34 257
133 The Bribery Act 10 18 34 259
Mock exam 1
Questions 134 to 143
Mock exam 2
Questions 144 to 153
Mock exam 3 (December 2012)
Questions 154 to 163
Planning your question practice
Our guidance from page xxvii shows you how to organise your question practice, either by attempting questions
from each syllabus area or by building your own exams – tackling questions as a series of practice exams.
June and December 2013 exams
BPP’s answers for these exams will be available for free after the exams on http://www.bpp.com/acca
Finding questions
ix
Topic index
Listed below are the key Paper F4 syllabus topics and the numbers of the questions in this Kit covering those
topics.
If you need to concentrate your practice and revision on certain topics or if you want to attempt all available
questions that refer to a particular subject, you will find this index useful.
Syllabus topic Question numbers
Agency law 67, 113, 114
Breach of contract and remedies 39-45
Capital maintenance and dividend law 94, 99,100
Company directors 106-111, 123-125
Company formations 75, 76, 80, 81-87
Company meetings and resolutions 102, 103
Content of contracts 35-38
Contract of employment 55-57
Corporate governance 123-126
Corporations and legal personality 75-79
Court structure 2, 4, 8
Criminal behaviour 127-133
Dismissal and redundancy 58-66
Formation of content 16-34
Human rights 15
Insolvency 117-122
Law of torts 46-54
Loan capital 101
Other company officers 104, 105, 112-116
Partnership 68-74
Professional negligence 47, 54
Share capital 88-98
Sources of law 1, 3, 5-15
x
Using your BPP Learning Media Practice and Revision Kit
Helping you with your revision – the ONLY F4 Practice and
Revision Kit to be reviewed by the examiner!
BPP Learning Media – the sole Platinum Approved Learning Partner -
content
As ACCA’s sole Platinum Approved Learning Partner – content, BPP Learning Media gives you the unique
opportunity to use examiner-reviewed revision materials for the 2013 and June 2014 exams. By incorporating the
examiner’s comments and suggestions regarding syllabus coverage, the BPP Learning Media Practice and Revision
Kit provides excellent, ACCA-approved support for your revision.
Tackling revision and the exam
Using feedback obtained from ACCA examiners as part of their review:
We look at the dos and don’ts of revising for, and taking, ACCA exams
We focus on Paper F4; we discuss revising the syllabus, what to do (and what not to do) in the exam, how to
approach different types of question and ways of obtaining easy marks
Selecting questions
We provide signposts to help you plan your revision.
A full question index
A topic index listing all the questions that cover key topics, so that you can locate the questions that provide
practice on these topics, and see the different ways in which they might be examined
BPP's question plan highlighting the most important questions and explaining why you should attempt
them
Build your own exams, showing how you can practise questions in a series of exams
Making the most of question practice
At BPP Learning Media we realise that you need more than just questions and model answers to get the most from
your question practice.
Our Top tips included for certain questions provide essential advice on tackling questions, presenting
answers and the key points that answers need to include
We show you how you can pick up Easy marks on some questions, as we know that picking up all readily
available marks often can make the difference between passing and failing
We include marking guides to show you what the examiner rewards
We include examiners’ comments to show you where students struggled or performed well in the actual
exam
We refer to the 2012 BPP Study Text (for exams up to June 2014) for detailed coverage of the topics
covered in questions
In a bank at the end of this Kit we include the examiner's answers to the June and December 2012 papers.
Used in conjunction with our answers they provide an indication of all possible points that could be made,
issues that could be covered and approaches to adopt.
Using your BPP Learning Media Practice and Revision Kit
xi
Attempting mock exams
There are three mock exams that provide practice at coping with the pressures of the exam day. We strongly
recommend that you attempt them under exam conditions. Mock exams 1 and 2 reflect the question styles and
syllabus coverage of the exam; Mock exam 3 is the December 2012 paper.
xii
Using your BPP Learning Media Practice and Revision Kit
Revising F4
Topics to revise
Although the examiner, David Kelly, sets challenging questions, the styles of question he uses are now familiar
because he has been the law examiner for many years. He has also provided very detailed suggested answers,
which show all the detail required to score very highly indeed.
As with most examiners, David Kelly has warned against question-spotting and trying to predict the topics that will
be included in the exam. He has on occasions examined the same topic in two successive sittings. He regards few
areas as off-limits, and all of the major areas of the syllabus can and have been tested.
The exam consists of ten compulsory questions. You must therefore revise the syllabus fully, even omitting one
topic area could potentially cause you to fail the exam.
The examiner expects you to show your basic knowledge in the seven knowledge-based questions he will set in
each exam, but you will be rewarded for showing that you have thought about the way the law operates. Marks can
be given for critical insights into the way the law works in practice as opposed to regurgitating standard chunks of
text. The three scenario-based questions will require you to identify the legal issues, state the law, apply and
conclude. You should practise this ISAC approach when attempting such questions as it will give your answer
balance and demonstrates logical thought and application.
Certain topics are examined particularly frequently and thoroughly, these include:
Operation of the English legal system (courts, precedent, sources of law)
Negligence
Contract formation, contents, breach and remedies
Employment law (duties and dismissal)
Company formation and constitution
The duties, powers and role of directors
Share capital
Company administration and liquidation
Insider dealing and money laundering
The UK Corporate Governance Code is a relatively new syllabus area which you should consider highly examinable.
Question practice
You should use the Passcards and any brief notes you have to revise the syllabus, but you mustn't spend all your
revision time passively reading. Question practice is vital; doing as many questions as you can in full will help
develop your ability to analyse scenarios and produce relevant discussion and recommendations. The question plan
on page xxvii tells you what questions to cover so that you can choose questions covering a variety of syllabus
areas.
Revising F4
xiii
Passing the F4 exam
Displaying the right qualities
The examiner will expect you to display the following qualities.
Qualities required
Read and answer the question
set
If, for instance, the question asks you to set out the ways in which agency can
be formed, do not waste time describing the different types of authority that an
agent has, or the rights of the agent. You'll score nothing. In fact, as time goes
on, ACCA law questions are becoming more and more focused – so watch out!
Knowledge of the law
70% of the marks available in this paper are for showing that you have
knowledge of the relevant law. All knowledge-based questions ask for basic
knowledge of very specific topics.
Application of the law
30% of the marks are available for the scenario questions. These require
application of law to the analysis of scenarios. This sounds more complicated
than it is. Usually the scenario relates directly to the law and is generally quite
easy to answer. Sketching the relationship between parties in the scenario will
help you understand it.
Communication
There are few if any numbers in law exams, and this is a problem for some
students. It shouldn't be. Being an accountant is as much about knowledge and
the communication of knowledge as it is about numbers and what they
represent. If you're nervous about not having the comfort blanket of numbers
in the exam, it's particularly important that you practise:
Reading law questions so that you identify exactly what it is the
examiner is seeking
Planning law answers so that you get all your points into them, in a
logical order (this helps you to be accurate and comprehensive)
Writing law answers so that you feel confident in your ability to get your
knowledge across effectively. Get someone else to read your answers
and then give you feedback on whether the answers are communicating
clearly.
Avoiding weaknesses
David Kelly has emphasised the importance of good exam technique and setting out answers clearly. He has
mentioned that the following shortcomings should be avoided:
Unclear question labelling, it is sometimes difficult for the marker to actually recognise which question is
being answered
Not starting each question on a new page
Not using both sides of the paper, thus leading to bulkier scripts
Using additional booklets to no great effect, by simply repeating information
Producing long general essay answers to problem questions which contain little information relating to the
specific issues raised in the question
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