ExpertMedium1 markMultiple Choice
ACCA · Question 41 · Corporate and Business Law
Under the Bribery Act 2010, what is the only statutory defence available to a commercial organization charged with failing to prevent bribery?
Under the Bribery Act 2010, what is the only statutory defence available to a commercial organization charged with failing to prevent bribery?
Answer options:
A.
That the bribe was paid without the directors' knowledge.
B.
That the bribe was a customary facilitation payment in that country.
C.
That it had adequate procedures in place designed to prevent bribery.
D.
That the bribe did not result in any actual financial gain.
How to approach this question
Identify the specific defence provided in Section 7 of the Bribery Act.
Full Answer
C.That it had adequate procedures in place designed to prevent bribery.✓ Correct
Section 7 of the Bribery Act 2010 creates a strict liability offence for commercial organizations failing to prevent bribery. The only defence is proving that the organization had 'adequate procedures' in place designed to prevent associated persons from undertaking such conduct.
Common mistakes
Believing facilitation payments are a valid defence.
Practice the full ACCA LW — Corporate and Business Law Practice Exam 1
60 questions · hints · full answers · grading
More questions from this exam
Q01Which 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 custo...EasyQ05Which of the following represents a valid exception to the rule that past consideration is no con...Medium