F4 – (LW – GLOBAL) – MCQ’s/Quiz #2 | ACCA

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This is Quiz #2 for ACCA F4 (LW – GLOBAL) Corporate and Business Law Students.

These Quizzes are designed in a way that students could better understand the exam format and get used to practice online. This approach will reduce the exam stress and students will able to prepare better.

We request the students, do not take the quiz until they have finished the syllabus.

All the questions are compulsory, so do not skip any.

Number of the Questions

This Quiz consists of 15 Questions which covers the entire F4 (LW – GLOBAL) syllabus.

Time

The Quiz have a timer. Students have to finish the quiz within the given time period.
As in ACCA Exam, there are 1.8 minutes per mark. So each 2 marks question have 3.6 minutes to complete. The Quiz have 15 questions, so Students have total 54 minutes to complete the quiz.

Result

Students can see your result at the end of the quiz further the correct and wrong questions. Moreover, the explanation of wrong questions.

Types of Questions

MCQs: Choose one from the given options.
Multiple choice: Choose all those which seems to you correct/ or incorrect, as per the requirement of the question. Keep your eye on the wording “(select all those which are correct)“.
Drop down: Select from the list provided.
Type: Type your answer in numbers as per the requirement of the question.





1 votes, 5 avg
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F4 - LW - GLOBAL - Quiz #2

You have 15 Questions to complete within 54 minutes.
You will see the Result at the end of the quiz.

Types of Questions

MCQs: Choose one from the given options.
Multiple choice: Choose all those which seems to you correct/ or incorrect, as per the requirement of the question. (Wording: select all those which are correct)
Dropdown: Select from the list provided.
Type: Type your answer in numbers as per the requirement of the question.

1 / 15

1. What is the role of the law in a democratic political system?

2 / 15

2. Which type of legal system does the United Kingdom have?

3 / 15

3. The Dispute Settlement Body (DSB) offers a procedure for settling trade disputes between countries through consultation.

Which international organisation is the DSB part of?

4 / 15

4. In Todland all decisions and choices about resource allocation are made by the country's government.

Which type of economy does Todland have?

5 / 15

5. Which of the following bodies develops and promotes Incoterms?

6 / 15

6. Which of the following can be binding under international law?

7 / 15

7. What is an acknowledgement by a parent company of a subsidiary's indebtedness known as?

8 / 15

8. Under the UN Convention on Contracts for the International Sale of Goods (UNCISG), once formed, how can a contract be modified?

9 / 15

9. The only term as to delivery date or time in a contract between Arch and Peligo dated 1 March is that Peligo should deliver to Arch on or before 31 May.

In relation to this, which of the following statements is true?

10 / 15

10. Under the UN Convention on International Bills of Exchange and Promissory Notes, if an international bill of exchange is dishonoured for non-acceptance, which of the following parties does the bill's holder NOT have an immediate right of recourse against?

11 / 15

11. What is a statement of assent from an offeree which contains modifications to the terms of the offer known as?

12 / 15

12. If a party to an international sale of goods has more than one place of business in different states, which of the following is the relevant place of business for the contract?

13 / 15

13. Osbert has indicated his assent orally to Patricia regarding her written offer to buy goods from him under the UN Convention on Contracts for the International Sale of Goods (UNCISG).

In relation to this purported acceptance, which of the following statements is correct?

14 / 15

14. Which of the following is the most secure form of letter of credit for a seller?

15 / 15

15. Which of the following was NOT produced by UNCITRAL?

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