CORPORATE AND BUSINESS LAW (ENGLISH)
T E X T
BPP Learning Media is the sole ACCA Platinum Approved Learning Partner – content for the ACCA qualification. In this, the only Paper F4 (ENG) study text to be reviewed by the examiner: • • • • • • • • We discuss the best strategies for studying for ACCA exams We highlight the most important elements in the syllabus and the key skills you will need We signpost how each chapter links to the syllabus and the study guide We provide lots of exam focus points demonstrating what the examiner will want you to do We emphasise key points in regular fast forward summaries We test your knowledge of what you've studied in quick quizzes We examine your understanding in our exam question bank We reference all the important topics in our full index
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FOR EXAMS IN 2011
First edition 2007 Fourth edition December 2010 ISBN 9780 7517 8918 8 (Previous ISBN 9870 7517 6364 5) British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library Published by BPP Learning Media Ltd BPP House, Aldine Place London W12 8AA www.bpp.com/learningmedia Printed in the United Kingdom We are grateful to the Association of Chartered Certified Accountants for permission to reproduce past examination questions. The suggested solutions in the exam answer bank have been prepared by BPP Learning Media Ltd, unless otherwise stated. All our rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of BPP Learning Media Ltd.
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Helping you to pass – the ONLY F4 (ENG) Study Text reviewed by the examiner! Studying F4 The exam paper v vii x
Part A Essential elements of the legal system
1 2 3 The English legal system Sources of English law Human rights
3 17 35
Part B The law of obligations
4 5 6 7 8 9 Formation of contracts I Formation of contracts II Terms of contract Breach of contract The law of torts Professional negligence
47 67 87 105 121 135
Part C Employment law
10 11 Employment contract Dismissal and redundancy
Part D The formation and constitution of business organisations 12 13 14 15 Agency law Organisations and legal personality Company formation Constitution of a company
183 193 221 237
Part E Capital and the financing of companies
16 17 18 Share capital Borrowing and loan capital Capital maintenance and dividend law
255 269 283
Part F Management, administration and regulation of companies 19 20 Company directors and other company officers Company meetings and resolutions
Part G Legal implications of companies in difficulty or in crisis 21 Insolvency and administration
Part H Governance and ethical issues relating to business
22 23 Corporate governance Fraudulent behaviour
371 387 403 409 441
Exam question bank Exam answer bank List of cases and index Review form and free prize draw
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