Exceptions – NBC Institute

FR – May 2018 – L2 – Q1c – Consolidated Financial Statements (IFRS 10)

Outline four exceptions to the requirement for a parent to prepare consolidated financial statements.

Question

IFRS 10 states that, with certain exceptions, a parent must present consolidated financial statements in which it consolidates its investments in subsidiaries.

Required: State FOUR exceptions to the rule requiring a parent to prepare consolidated financial statements. (6 Marks)

Answer

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Tags: Consolidation, Exceptions, Financial Reporting, Group Accounts, IFRS 10
Level: Level 2

Topic: Consolidated Financial Statements (IFRS 10)
Series: MAY 2018

BL – May 2022 – L1 – SB – Q2c – Sale of Goods

State six exceptions to the rule that only the owner of goods can transfer property in them to a third party.

Question

Generally, only the owner of goods can validly transfer property or ownership in them to a third party.

Required:
State SIX exceptions to the preceding rule of sale of goods.

Answer

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Tags: Exceptions, Ownership Transfer, Sale of Goods
Level: Level 1

Topic: Sale of Goods
Series: MAY 2022

BL – Nov 2019 – L1 – SB – Q6b – Hire Purchase and Consumer Credit Transactions

Explaining exceptions to the rule that hirers cannot pass good title under hire purchase contracts.

Question

Under hire purchase contract, the general rule is that the hirer cannot pass a good title in the goods to a third party.
Required:
Explain briefly TWO exceptions to this rule. (4 Marks)

Answer

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Tags: Consumer Credit, Exceptions, Hire Purchase, Transfer of Title
Level: Level 1

Topic: Hire Purchase and Consumer Credit Transactions
Series: NOV 2019

BL – Nov 2019 – L1 – SB – Q5b – Law of Tort

Explanation of exceptions where a master is not liable for the torts of his servant.

Question

Under law of torts, a master may be liable for the torts of his servant.
Required:
Explain briefly THREE exceptions to the rule that a master may be held liable for his servant’s acts. (6 Marks)

Answer

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Tags: Employment Law, Exceptions, Tort Law, Vicarious Liability

Topic: Law of Tort
Series: NOV 2019

BL – May 2024 – L1 – SB – Q6a – Sale of Goods

This question tests knowledge of exceptions to the rule that only an owner or someone with authority can transfer goods.

Question

a. As a general rule in sale of goods, only the owner of goods or any person acting with his authority could transfer title to it. This is otherwise known as the nemo dat quod non habet rule.

Required:
State SIX exceptions to the rule. (6 Marks)

Answer

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Tags: Exceptions, Nemo Dat Rule, Property Law, Sale of Goods
Level: Level 1

Topic: Sale of Goods
Series: MAY 2024

BCL – May 2016 – L1 – Q2b – Agency

State and explain five exceptions to the rule that an agent has no right or obligation on a contract unless acting on behalf of the principal.

Question

An agent has no right or obligation on a contract unless he/she enters into it on behalf of his/her principal. State and explain FIVE exceptions to this statement. (10 marks)

Answer

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Tags: Agency Law, Contract Law, Exceptions, Ghana
Level: Level 1

Topic: Agency Law
Series: MAY 2016

FR – May 2018 – L2 – Q1c – Consolidated Financial Statements (IFRS 10)

Outline four exceptions to the requirement for a parent to prepare consolidated financial statements.

Question

IFRS 10 states that, with certain exceptions, a parent must present consolidated financial statements in which it consolidates its investments in subsidiaries.

Required: State FOUR exceptions to the rule requiring a parent to prepare consolidated financial statements. (6 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Consolidation, Exceptions, Financial Reporting, Group Accounts, IFRS 10
Level: Level 2

Topic: Consolidated Financial Statements (IFRS 10)
Series: MAY 2018

BL – May 2022 – L1 – SB – Q2c – Sale of Goods

State six exceptions to the rule that only the owner of goods can transfer property in them to a third party.

Question

Generally, only the owner of goods can validly transfer property or ownership in them to a third party.

Required:
State SIX exceptions to the preceding rule of sale of goods.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Exceptions, Ownership Transfer, Sale of Goods
Level: Level 1

Topic: Sale of Goods
Series: MAY 2022

BL – Nov 2019 – L1 – SB – Q6b – Hire Purchase and Consumer Credit Transactions

Explaining exceptions to the rule that hirers cannot pass good title under hire purchase contracts.

Question

Under hire purchase contract, the general rule is that the hirer cannot pass a good title in the goods to a third party.
Required:
Explain briefly TWO exceptions to this rule. (4 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Consumer Credit, Exceptions, Hire Purchase, Transfer of Title
Level: Level 1

Topic: Hire Purchase and Consumer Credit Transactions
Series: NOV 2019

BL – Nov 2019 – L1 – SB – Q5b – Law of Tort

Explanation of exceptions where a master is not liable for the torts of his servant.

Question

Under law of torts, a master may be liable for the torts of his servant.
Required:
Explain briefly THREE exceptions to the rule that a master may be held liable for his servant’s acts. (6 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Employment Law, Exceptions, Tort Law, Vicarious Liability

Topic: Law of Tort
Series: NOV 2019

BL – May 2024 – L1 – SB – Q6a – Sale of Goods

This question tests knowledge of exceptions to the rule that only an owner or someone with authority can transfer goods.

Question

a. As a general rule in sale of goods, only the owner of goods or any person acting with his authority could transfer title to it. This is otherwise known as the nemo dat quod non habet rule.

Required:
State SIX exceptions to the rule. (6 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Exceptions, Nemo Dat Rule, Property Law, Sale of Goods
Level: Level 1

Topic: Sale of Goods
Series: MAY 2024

BCL – May 2016 – L1 – Q2b – Agency

State and explain five exceptions to the rule that an agent has no right or obligation on a contract unless acting on behalf of the principal.

Question

An agent has no right or obligation on a contract unless he/she enters into it on behalf of his/her principal. State and explain FIVE exceptions to this statement. (10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Agency Law, Contract Law, Exceptions, Ghana
Level: Level 1

Topic: Agency Law
Series: MAY 2016

Question Tag: Exceptions

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FR – May 2018 – L2 – Q1c – Consolidated Financial Statements (IFRS 10)

Outline four exceptions to the requirement for a parent to prepare consolidated financial statements.

BL – May 2022 – L1 – SB – Q2c – Sale of Goods

State six exceptions to the rule that only the owner of goods can transfer property in them to a third party.

BL – Nov 2019 – L1 – SB – Q6b – Hire Purchase and Consumer Credit Transactions

Explaining exceptions to the rule that hirers cannot pass good title under hire purchase contracts.

BL – Nov 2019 – L1 – SB – Q5b – Law of Tort

Explanation of exceptions where a master is not liable for the torts of his servant.

BL – May 2024 – L1 – SB – Q6a – Sale of Goods

This question tests knowledge of exceptions to the rule that only an owner or someone with authority can transfer goods.

BCL – May 2016 – L1 – Q2b – Agency

State and explain five exceptions to the rule that an agent has no right or obligation on a contract unless acting on behalf of the principal.

FR – May 2018 – L2 – Q1c – Consolidated Financial Statements (IFRS 10)

Outline four exceptions to the requirement for a parent to prepare consolidated financial statements.

BL – May 2022 – L1 – SB – Q2c – Sale of Goods

State six exceptions to the rule that only the owner of goods can transfer property in them to a third party.

BL – Nov 2019 – L1 – SB – Q6b – Hire Purchase and Consumer Credit Transactions

Explaining exceptions to the rule that hirers cannot pass good title under hire purchase contracts.

BL – Nov 2019 – L1 – SB – Q5b – Law of Tort

Explanation of exceptions where a master is not liable for the torts of his servant.

BL – May 2024 – L1 – SB – Q6a – Sale of Goods

This question tests knowledge of exceptions to the rule that only an owner or someone with authority can transfer goods.

BCL – May 2016 – L1 – Q2b – Agency

State and explain five exceptions to the rule that an agent has no right or obligation on a contract unless acting on behalf of the principal.

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Question Tag: Exceptions

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FR – May 2018 – L2 – Q1c – Consolidated Financial Statements (IFRS 10)

Outline four exceptions to the requirement for a parent to prepare consolidated financial statements.

You're reporting an error for "FR – May 2018 – L2 – Q1c – Consolidated Financial Statements (IFRS 10)"

BL – May 2022 – L1 – SB – Q2c – Sale of Goods

State six exceptions to the rule that only the owner of goods can transfer property in them to a third party.

You're reporting an error for "BL – May 2022 – L1 – SB – Q2c – Sale of Goods"

BL – Nov 2019 – L1 – SB – Q6b – Hire Purchase and Consumer Credit Transactions

Explaining exceptions to the rule that hirers cannot pass good title under hire purchase contracts.

You're reporting an error for "BL – Nov 2019 – L1 – SB – Q6b – Hire Purchase and Consumer Credit Transactions"

BL – Nov 2019 – L1 – SB – Q5b – Law of Tort

Explanation of exceptions where a master is not liable for the torts of his servant.

You're reporting an error for "BL – Nov 2019 – L1 – SB – Q5b – Law of Tort"

BL – May 2024 – L1 – SB – Q6a – Sale of Goods

This question tests knowledge of exceptions to the rule that only an owner or someone with authority can transfer goods.

You're reporting an error for "BL – May 2024 – L1 – SB – Q6a – Sale of Goods"

BCL – May 2016 – L1 – Q2b – Agency

State and explain five exceptions to the rule that an agent has no right or obligation on a contract unless acting on behalf of the principal.

You're reporting an error for "BCL – May 2016 – L1 – Q2b – Agency"

FR – May 2018 – L2 – Q1c – Consolidated Financial Statements (IFRS 10)

Outline four exceptions to the requirement for a parent to prepare consolidated financial statements.

You're reporting an error for "FR – May 2018 – L2 – Q1c – Consolidated Financial Statements (IFRS 10)"

BL – May 2022 – L1 – SB – Q2c – Sale of Goods

State six exceptions to the rule that only the owner of goods can transfer property in them to a third party.

You're reporting an error for "BL – May 2022 – L1 – SB – Q2c – Sale of Goods"

BL – Nov 2019 – L1 – SB – Q6b – Hire Purchase and Consumer Credit Transactions

Explaining exceptions to the rule that hirers cannot pass good title under hire purchase contracts.

You're reporting an error for "BL – Nov 2019 – L1 – SB – Q6b – Hire Purchase and Consumer Credit Transactions"

BL – Nov 2019 – L1 – SB – Q5b – Law of Tort

Explanation of exceptions where a master is not liable for the torts of his servant.

You're reporting an error for "BL – Nov 2019 – L1 – SB – Q5b – Law of Tort"

BL – May 2024 – L1 – SB – Q6a – Sale of Goods

This question tests knowledge of exceptions to the rule that only an owner or someone with authority can transfer goods.

You're reporting an error for "BL – May 2024 – L1 – SB – Q6a – Sale of Goods"

BCL – May 2016 – L1 – Q2b – Agency

State and explain five exceptions to the rule that an agent has no right or obligation on a contract unless acting on behalf of the principal.

You're reporting an error for "BCL – May 2016 – L1 – Q2b – Agency"

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