Unofficial practice for the ACCA Corporate and Business Law (LW) exam. Not affiliated with or endorsed by ACCA.
Corporate and business law exam prep
Sit an original two-hour paper with the structure ACCA's study guide describes: 25 two-mark and 20 one-mark objective test questions, then 5 six-mark multi-task questions. Every answer is marked when you hand in, with an explanation and the Act and section, or the common law rule, behind it.
| Our free paper | 50 questions, 100 marks, 2 hours |
|---|---|
| Our Section A | Multiple choice and multiple response questions of 1 or 2 marks |
| Our Section B | Five multi-task questions, each on a different area of the syllabus |
| Pass mark | 50%, as in the real exam |
On this practice exam, a Section A question earns its marks only when the whole answer is right, so a multiple response question needs every right option ticked. Each part of a Section B question earns the marks shown beside it.
If you are not ready for two hours, start with the free diagnostic: one question on every topic, then the topic to fix first.
Formation of contract
While Dev was away on holiday, Asha, a builder, repaired a broken fence at Dev's shop without being asked. When Dev returned, he promised to pay her £100 for the work, but he has not paid.
Can Asha enforce Dev's promise to pay? (2 marks)
Share capital
Ingleby plc plans three allotments of ordinary shares:
(1) a bonus issue to its existing members; (2) shares to Hamza in exchange for a piece of land; (3) shares to an investor for cash. No pre-emption rights have been disapplied.
To which of these allotments do the statutory pre-emption rights apply? (2 marks)
Insolvency and administration
Jarrow Ltd is in compulsory liquidation. Its only asset is its stock, which is subject to a floating charge created in 2022 in favour of its bank; the bank holds no fixed charge. Its debts include the liquidator's expenses and arrears of wages owed to employees for the month before the winding-up order, each employee's arrears being within the preferential limit.
In what order are these claims met out of the proceeds of the stock? (2 marks)
Yes. Practice exam 1 here is free: an original two-hour paper with 50 questions and 100 marks, marked against the 50% pass mark. It is unofficial practice, not an ACCA paper.
ACCA's study guide says its Study Hub, with short quizzes, practice and revision questions, is free to students through MyACCA.
50 of the 100 marks.
Unofficial practice for the ACCA Corporate and Business Law (LW) exam, not affiliated with ACCA. ACCA is a trademark of the Association of Chartered Certified Accountants, which does not endorse this course. Every question here is original. No VAT is charged.