Business Law MCQ

ACC4031 BCU MCQ

Which stage of the legislative process involves detailed examination and amendment of a Bill?

Comittee Stage

Which rule of statutory interpretation allows judges to correct absurd outcomes?

Golden Rule

Which court hears serious criminal cases with a judge and jury?

Crown Court

What is ratio decidendi?

The binding legal principle of a case.

Which court is NOT bound by its own previous decisions?

Supreme Court

An item displayed in a shop window is usually:

An invitation to treat.

Which of the following is NOT a valid consideration?

Past consideration.

A unilateral contract is best described as:

A promise accepted by conduct

Which statement about intention to create legal relations is correct?

Presumed in commercial agreements

Which remedy aims to put the claimant in the position they would have been in had the contract been performed?

Damages

Which element is NOT required to establish negligence?

Intention to cause harm

The “neighbour principle” originates from:

Donoghue v Stevenson

How is a newly qualified driver judged in negligence?

Against a competent driver standard

Which term describes harm suffered by someone who witnesses an accident but is not directly involved?

Secondary victim

Which doctrine means “the facts speak for themselves”?

Res ipsa loquitur

Under the Employment Rights Act 1996, an employee working for 1 year is entitled to:

One week’s notice

Which dismissal occurs without notice due to serious misconduct?

Summary dismissal

Which of the following is automatically unfair dismissal?

Pregnancy

What remedy applies when an employee resigns due to employer’s serious breach?

Constructive dismissal

Which Act protects employees from disability discrimination?

Equality Act 2010

Which case established separate legal personality?

Salomon v Salomon

Which organisation is NOT a separate legal entity?

Sole Trader

Which board members provide independent oversight?

Non-executive directors

Which committee oversees internal controls and fraud prevention?

Audit committee

What does “comply or explain” mean?

Companies explain non-compliance

What is a form of debt finance?

Debentures

Who appoints an insolvency practitioner in compulsory liquidation?

The court

Which situation allows lifting the corporate veil?

Fraud

What is an example of fraud?

Misappropration of assets

Trading when there is no reasonable prospect of avoiding insolvency is called:

Wrongful trading