Question No 47:
Exe Ltd was under contract to deliver goods by road to London for Wye Ltd for £2,000. After part of the journey was completed, the delivery vehicle broke down and Wye Ltd was forced to arrange for Zed Ltd to complete the delivery. If there are no provisions in the contract to deal with this situation, which of the following is correct?
A. Exe Ltd is entitled to part of the delivery fee.
B. Exe Ltd is entitled to nothing.
C. Exe Ltd is entitled to a reasonable sum for the work done.
D. Exe Ltd is entitled to the full £2,000.
Answer: B
Thursday, 31 March 2016
Thursday, 17 March 2016
Cima C05 Exam Question No 46
Question No 46:
Which ONE of the following is correct?
A. A contract is frustrated when something happens after it has been entered into, which is not fault of either party and which renders the contract more difficult to perform.
B. A contract is frustrated when a party expressly agrees to manufacture and supply goods and then discovers that they will be far more expensive to produce than he thought at the time of the contract.
C. A contract is frustrated when something happens after it has been entered into, which is not fault of either party and which renders the contract impossible to perform.
D. A contract is frustrated if it is impossible to perform at the time that it is made through no fault of either party.
Answer: C
Which ONE of the following is correct?
A. A contract is frustrated when something happens after it has been entered into, which is not fault of either party and which renders the contract more difficult to perform.
B. A contract is frustrated when a party expressly agrees to manufacture and supply goods and then discovers that they will be far more expensive to produce than he thought at the time of the contract.
C. A contract is frustrated when something happens after it has been entered into, which is not fault of either party and which renders the contract impossible to perform.
D. A contract is frustrated if it is impossible to perform at the time that it is made through no fault of either party.
Answer: C
Thursday, 10 March 2016
Cima C05 Exam Question No 45
Question No 45:
The vast majority of contracts are "simple". What is the meaning of the word "simple" in this context?
A. The terms of the contract are set out in writing.
B. The contract does not need to be in any particular form to be binding.
C. The contract contains fewer than ten provisions.
D. The contract is not supported by consideration.
Answer: B
The vast majority of contracts are "simple". What is the meaning of the word "simple" in this context?
A. The terms of the contract are set out in writing.
B. The contract does not need to be in any particular form to be binding.
C. The contract contains fewer than ten provisions.
D. The contract is not supported by consideration.
Answer: B
Thursday, 3 March 2016
Cima C05 Exam Question No 44
Question No 44:
Jack was induced to enter into a contract with Karl by Karl’s negligent misrepresentation.
Which of the following is CORRECT?
i. Jack has a remedy against Karl in the tort of negligence.
ii. Jack has a remedy against Karl under the Misrepresentation Act 1967.
iii. Jack has a remedy against Karl in the tort of deceit.
A. i only.
B. i and ii only.
C. ii and iii only.
D. i, ii and iii.
Answer: B
Jack was induced to enter into a contract with Karl by Karl’s negligent misrepresentation.
Which of the following is CORRECT?
i. Jack has a remedy against Karl in the tort of negligence.
ii. Jack has a remedy against Karl under the Misrepresentation Act 1967.
iii. Jack has a remedy against Karl in the tort of deceit.
A. i only.
B. i and ii only.
C. ii and iii only.
D. i, ii and iii.
Answer: B
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