ExpertACCA
ACCA LW — Corporate and Business Law Practice Exam 1
60 free questions · No sign-up required to browse
A complete mock exam replication for ACCA LW (Corporate and Business Law), mirroring live computer-based testing parameters. This exam contains 60 questions totaling 100 marks, divided into Section A (Objective Test Questions) and Section B (Multi-Task Questions).
60
Questions
Mixed
Difficulty
50%
Pass mark
Difficulty breakdown
Easy(22)
Medium(34)
Hard(4)
Topics covered
Browse all topics →Sample questions
Q01Easy2 marks
Which of the following courts is bound by the decisions of the Court of Appeal (Civil Division)?
Q02Medium2 marks
In the context of statutory interpretation, what is the 'mischief rule'?
Q03Medium2 marks
Which of the following statements regarding the Human Rights Act 1998 is correct?
Q04Easy2 marks
A shop displays a laptop in its window with a price tag of £50. The actual price is £500. A customer attempts to buy the laptop for £50. What is the legal position?
Q05Medium2 marks
Which of the following represents a valid exception to the rule that past consideration is no consideration?
Ready to Practice the full exam?
All 60 questions with worked answers, mark schemes, and AI tutoring.
All questions (60)
Free to browse · no sign-up requiredQ01Which of the following courts is bound by the decisions of the Court of Appeal (Civil Division)?EasyQ02In the context of statutory interpretation, what is the 'mischief rule'?MediumQ03Which of the following statements regarding the Human Rights Act 1998 is correct?MediumQ04A shop displays a laptop in its window with a price tag of £50. The actual price is £500. A customer attempts to buy ...EasyQ05Which of the following represents a valid exception to the rule that past consideration is no consideration?MediumQ06In the context of intention to create legal relations, what is the legal presumption regarding commercial agreements?EasyQ07Which of the following best describes the purpose of awarding damages for breach of contract?MediumQ08According to the Caparo v Dickman test, which TWO of the following must be established to prove a duty of care exists...MediumQ09In the tort of negligence, what is the general rule regarding recovery for pure economic loss?HardQ10What is the effect of a successful plea of 'volenti non fit injuria' in a negligence claim?MediumQ11Which test is currently used by courts as the dominant approach to determine if an individual is an employee or an in...MediumQ12What is the primary difference between wrongful dismissal and unfair dismissal?MediumQ13An employee is dismissed because their employer is relocating the business to another city 200 miles away. The employ...EasyQ14In an ordinary partnership governed by the Partnership Act 1890, what is the liability of the partners for the debts ...EasyQ15Which TWO of the following are characteristics of a Limited Liability Partnership (LLP)?MediumQ16In which of the following situations will the courts 'pierce the corporate veil'?HardQ17A promoter signs a contract on behalf of a company that has not yet been incorporated. Under the Companies Act 2006, ...MediumQ18Which of the following is a key difference between share capital and loan capital?EasyQ19When a company issues shares at a premium, what must it do with the premium amount?MediumQ20What event causes a floating charge to 'crystallise'?MediumQ21Under the Companies Act 2006, how can a director of a public company be removed from office before the expiration of ...MediumQ22Which type of company is legally required to hold an Annual General Meeting (AGM)?EasyQ23What is the primary objective of an administration order in insolvency law?EasyQ24Under the Criminal Justice Act 1993, which TWO of the following are distinct offences of insider dealing?MediumQ25Under the Proceeds of Crime Act 2002, what is the offence of 'tipping off'?EasyQ26In the civil court system, which track is generally used for claims valued between £10,000 and £25,000?EasyQ27Which rule of statutory interpretation allows a judge to look at the context of a word by looking at the words surrou...MediumQ28Under the postal rule, when is acceptance of an offer legally effective?EasyQ29In negligence, how is the standard of care determined for a professional, such as a doctor?MediumQ30What is the statutory minimum notice period an employer must give to an employee who has been continuously employed f...EasyQ31Which of the following best defines 'constructive dismissal'?MediumQ32What formality is legally required to form an ordinary partnership under the Partnership Act 1890?EasyQ33What is the minimum allotted share capital required for a public limited company (plc) to obtain a trading certificate?EasyQ34Under the Companies Act 2006, what percentage of a class of shareholders must agree to vary their class rights (unles...MediumQ35What are 'treasury shares'?EasyQ36Is a private limited company legally required to have a company secretary?EasyQ37What majority is required to pass a special resolution at a general meeting?EasyQ38Who normally appoints the first auditors of a newly incorporated company?MediumQ39Under s.214 of the Insolvency Act 1986, what is the standard used to judge whether a director should have known the c...MediumQ40In a liquidation, which of the following is paid first from the realization of assets?EasyQ41Under the Bribery Act 2010, what is the only statutory defence available to a commercial organization charged with fa...MediumQ42What is the key difference between fraudulent trading and wrongful trading?MediumQ43Which of the following is a key advantage of using Employment Tribunals rather than ordinary civil courts?EasyQ44In contract law, the rule in Hadley v Baxendale relates to which legal concept?MediumQ45What is the legal effect of a company's Articles of Association?MediumQ46SCENARIO: Quantum Dynamics Ltd (QDL) is a tech startup developing AI cooling systems. On 1 May, QDL wrote to ServerTe...MediumQ47SCENARIO: Quantum Dynamics Ltd (QDL) is a tech startup developing AI cooling systems. On 1 May, QDL wrote to ServerTe...EasyQ48SCENARIO: Quantum Dynamics Ltd (QDL) is a tech startup developing AI cooling systems. On 1 May, QDL wrote to ServerTe...HardQ49SCENARIO: Harvest Horizon is an agri-tech firm. They hired Marcus as a drone operator. Marcus uses Harvest Horizon's ...MediumQ50SCENARIO: Harvest Horizon is an agri-tech firm. They hired Marcus as a drone operator. Marcus uses Harvest Horizon's ...EasyQ51SCENARIO: Harvest Horizon is an agri-tech firm. They hired Marcus as a drone operator. Marcus uses Harvest Horizon's ...MediumQ52SCENARIO: Global Water Initiative (GWI) is an NGO transitioning into a formal corporate structure. The founders decid...EasyQ53SCENARIO: Global Water Initiative (GWI) is an NGO transitioning into a formal corporate structure. The founders decid...MediumQ54SCENARIO: Global Water Initiative (GWI) is an NGO transitioning into a formal corporate structure. The founders decid...MediumQ55SCENARIO: BioHeal Pharmaceuticals Ltd is developing a new vaccine. David is a director of BioHeal. During a board mee...MediumQ56SCENARIO: BioHeal Pharmaceuticals Ltd is developing a new vaccine. David is a director of BioHeal. During a board mee...HardQ57SCENARIO: BioHeal Pharmaceuticals Ltd is developing a new vaccine. David is a director of BioHeal. During a board mee...MediumQ58SCENARIO: Titanium Structures plc is a construction firm. In January, the directors realized the company was hopeless...MediumQ59SCENARIO: Titanium Structures plc is a construction firm. In January, the directors realized the company was hopeless...MediumQ60SCENARIO: Titanium Structures plc is a construction firm. In January, the directors realized the company was hopeless...Medium