Excel Mini Mock-2.2 Mgt Accounting

ICAG PROFESSIONAL EXAMS

FINAL MOCK EXAMS- OCT 2017

COURSE 1.3 BUSINESS AND CORPORATE LAW TIME 3 HOURS

Instructions: Show all workings in the answer booklet provided. Cheating in the exams is unethical, and will be least tolerated

SECTION A: BUSINESS LAW Answer two (2) questions from this section

QUESTION 1 (a) Briefly outline the sources of law in Ghana. (10 marks) (b) Explain the circumstances under which a minor would be bound by a contract. (10 marks) QUESTION 2 Explain the remedies available to an injured party for breach of contract. (20 marks)

QUESTION 3 (a) Explain the circumstances under which a buyer may be entitled to reject goods. (10 marks) EXCEL 1.3 LAW OCT 2017

(b) Generally a buyer may not reject goods which he has accepted. Explain the circumstance under which a buyer would be deemed to have accepted goods. (10 marks)

SECTION B: COMPANY LAW

Answer two (2) questions from this section

QUESTION 4 The Registrar of Companies is empowered to call on a company to produce for his inspection all or any of the books of the company. Explain the circumstances under which the Registrar may exercise such powers. (20 marks)

QUESTION 5 After a company has been incorporated, it has to apply for a certificate to commence business before it can start operating formally. Outline the information that has to be provided in the returns filed with the Registrar of Companies. (20 marks) QUESTION 6 Outline the procedure for the Appointment and Retirement of Directors of a public company. (20 marks)

SECTION C: PARTNERSHIP LAW

Answer one (1) question from this section

QUESTION 7

The Incorporated Private Partnership Act, 1962 (Act 152) defines a partnership as an association of two or more individuals carrying on business jointly for the purpose of making profit. Explain the exceptions to this definition. (20 marks)

QUESTION 8

(a) Under the Incorporated Private Partnership Act, 1962 (Act 152), a partnership firm is expected to be registered with the Registrar.

Outline the information that should be provided in the statement in the prescribed form? Page 2 of 3 EXCEL 1.3 LAW OCT 2017

(10 marks)

(b) Explain the circumstance under which the Registrar may refuse registration of a partnership. (10 marks)

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