ACCA

Syllabus B: The law of obligations

10 questions across 1 exam

All questions (10)

A tech startup, CloudNova, advertises a new cloud storage package on its website for £10 per year. This price was a typographical error; it should have been £100. A customer places an order. What is the legal status of the website advertisement?

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In contract law, past consideration is generally not valid. However, there are exceptions. Which of the following conditions must be met for past consideration to be valid under the rule in Lampleigh v Brathwait?

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A heavy manufacturing firm, IronWorks Ltd, contracts with a courier to deliver a vital machine part. The courier is late, causing IronWorks to halt production for three days. IronWorks claims for normal lost profits and the loss of a highly lucrative, secret government contract. Under the rule in Hadley v Baxendale, which losses are recoverable?

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To establish a claim in the tort of negligence against a public utility company, a claimant must prove three essential elements. Which of the following is NOT one of these essential elements?

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Under the postal rule of acceptance, when does an acceptance sent by post become legally effective?

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The Contracts (Rights of Third Parties) Act 1999 provides an exception to which fundamental common law doctrine?

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When determining the standard of care in a negligence claim against a professional (e.g., an accountant), which test is applied?

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Scenario: QuantumLeap AI Ltd, a tech startup, advertised a new software tool on their website for £50 (a pricing error, should be £500). Zephyr Corp ordered 10 copies. QuantumLeap realized the error and refused to supply. Later, QuantumLeap contracted with DataForge to build a server by 1 May. DataForge finished on 1 June, causing QuantumLeap to lose a lucrative government contract they hadn't told DataForge about. Regarding the website advertisement for £50, what is the legal position of QuantumLeap AI Ltd?

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Scenario: QuantumLeap AI Ltd, a tech startup, advertised a new software tool on their website for £50 (a pricing error, should be £500). Zephyr Corp ordered 10 copies. QuantumLeap realized the error and refused to supply. Later, QuantumLeap contracted with DataForge to build a server by 1 May. DataForge finished on 1 June, causing QuantumLeap to lose a lucrative government contract they hadn't told DataForge about. Assume QuantumLeap had sent an automated email stating 'Order Confirmed and Dispatched'. What would be the legal effect?

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Scenario: QuantumLeap AI Ltd, a tech startup, advertised a new software tool on their website for £50 (a pricing error, should be £500). Zephyr Corp ordered 10 copies. QuantumLeap realized the error and refused to supply. Later, QuantumLeap contracted with DataForge to build a server by 1 May. DataForge finished on 1 June, causing QuantumLeap to lose a lucrative government contract they hadn't told DataForge about. Can QuantumLeap recover the lost profits from the government contract from DataForge due to the late delivery?

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