Legal obligations – Page 2

AA – Nov 2016 – L2 – Q2c – Audit Documentation

This question details the elements that must be included in an engagement letter issued to a new audit client, covering responsibilities, terms, and scope of the audit.

Question

Discuss in detail the content of an engagement letter to be issued to a new client.

Answer

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Tags: Audit Scope, Audit Terms, Auditor-Client Agreement, Engagement letter, Legal obligations, Responsibilities
Level: Level 2

Topic: Audit Documentation
Series: NOV 2016

BL – Nov 2015 – L2 – SB – Q5b – Law of Contract

Explain three ways in which a contract may be discharged.

Question

Discharge of contract refers to the means by which a contract is terminated or determined, and parties are generally relieved of their contractual obligations.

Required:

Explain THREE ways by which a contract may be discharged.
(6 Marks)

Answer

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Tags: Contract Termination, Discharge of contract, Legal obligations
Level: Level 1

Topic: Law of Contract
Series: NOV 2015

BL – Nov 2013 – L1 – SA – Q4 – Law of Contract

Identifies the term for a contract where obligations are yet to be carried out.

Question

A contract in which the obligations of the parties are yet to be carried out is known as _____________________.

Answer

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Tags: Contract Law, Executory Contract, Legal obligations, Short Answer
Level: Level 1

Topic: Law of Contract
Series: NOV 2013

BL – May 2018 – L1 – SB – Q2c – Law of Contract

Discuss the implications of actions during the proposal form stage of an insurance contract.

Question

State the implication of the following in a contract of insurance:
(i) An applicant gives a proposal form to an insurance agent to complete for him. (2 Marks)
(ii) The insurer gives the proposal form to the applicant to complete. (2 Marks)
(iii) The applicant completes and submits the proposal form to the insurer. (2 Marks)

Answer

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Tags: Insurance Contract, Legal obligations
Level: Level 1

Topic: Law of Contract
Series: MAY 2018

BL – May 2018 – L1 – SA – Q13 – Partnership Law

Identify who fixes the duties of parties in tort.

Question

The duties of parties in tort are fixed by:
A. Law
B. The parties
C. Contract
D. The Executive
E. Governor

Answer

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Tags: Duties, Legal obligations, Tort
Level: Level 1

Topic: Partnership Law
Series: MAY 2018

BL – Nov 2023 – L1 – SA – Q11 – Law of Contract

This question asks about elements that are not part of a valid contract.

Question

Which of the following is NOT an element of a contract?
A. Acceptance
B. Capital gains
C. Consideration
D. Offer
E. Intention to create legal relation

Answer

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Tags: Business Law, Contract Law, Legal obligations
Level: Level 1

Topic: Law of Contract
Series: NOV 2023

BL – May 2023 – L1 – SB – Q5A – Agency Law

Identify and explain conditions an employer must meet before implementing redundancy.

Question

Redundancy of employees in an organization may arise as a result of excess manpower.

Required:
Explain briefly THREE conditions an employer must meet before the redundancy of its employees.

Answer

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Tags: Employment Law, Legal obligations, Redundancy
Level: Level 1

Topic: Agency Law
Series: MAY 2023

BL – MarJul 2020 – L1 – SA – Q11 – Law of Contract

Question identifying the fundamental terms essential to a contract.

Question

Under law of contract, fundamental terms which are very essential to the contract are referred to as
A. Warranties
B. Guarantees
C. Conditions
D. Exceptions
E. Exclusions

Answer

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Tags: Conditions, Contract Law, Fundamental Terms, Legal obligations
Level: Level 1

Topic: Law of Contract
Series: MAR/JULY 2020

BCL – Nov 2016 – L1 – Q4a – Alternative Forms and Constitutions of Business Organisations

Determine whether partners remained after notice of retirement under the Incorporated Private Partnership Act, 1962 (Act 152).

Question

By a letter dated 18th February 2014, addressed to the Manager of their partnership firm, Kofi Nti informed the Management of his and Mrs. Obeng’s immediate retirement as partners. The Manager replied that their application was under consideration. However, by another letter dated 12th January 2015, Mr. Kofi Nti and Mrs. Obeng withdrew their letter dated 18th February 2014. The conduct of the remaining partners, however, showed that they considered the letter of 18th February 2014 to be of no effect, and continued the partnership accordingly. A dispute later arose and Jeff, one of the partners, obtained an order of the High Court directing Mr. Kofi Nti and Mrs. Obeng to submit themselves to arbitration in accordance with the partnership agreement. The arbitrator submitted to the court that by their letter dated 18th February 2014, Mr. Kofi Nti and Mrs. Obeng ceased as from that date to be partners as the said letter could not be recalled.

Required:
Explain whether by the provisions of the Incorporated Private Partnership Act, 1962 (Act 152), Mr. Kofi Nti and Mrs. Obeng remain partners in the firm after their letters of 18th February 2014 and 12th January 2015.

Answer

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Tags: Ghana, Legal obligations, Partnership, Retirement
Level: Level 1

Topic: Alternative forms and constitutions of business organisations
Series: NOV 2016

BMIS – Nov 2016 – L1 – Q4b – HR – Other human resources functions

Suggest reasons to allocate funds for employee health and safety needs in an organization.

Question

The finance department in your company recently refused to allocate funds to the human resources department to cater for the health and safety needs of employees, arguing that it is a waste of funds.

Suggest FOUR reasons to the finance department why it is necessary to allocate the funds. (12 marks)

Answer

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Tags: Employee Welfare, Financial Allocation, Health and Safety, Human Resources, Legal obligations
Level: Level 1

Topic: HR - Other Human Resources functions
Series: NOV 2016

BMIS – Nov 2023 – L1 – Q4a – HR – Other human resources functions

Explain five responsibilities of an employer regarding the health and safety of employees in the workplace.

Question

Organisations are investing large sums of money in systems and procedures in their attempt to ensure safe and healthy working environments for their employees. This is because a breach of any legal or other obligation in that regard can lead to severe consequences.

Required: Explain FIVE (5) responsibilities of an employer as far as the health and safety of its employees are concerned. (10 marks)

Answer

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Tags: Employee Health, Employer responsibilities, Legal obligations, Occupational health, Workplace Safety
Level: Level 1

Topic: HR - Other Human Resources functions
Series: NOV 2023

Question Tag: Legal obligations

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AA – Nov 2016 – L2 – Q2c – Audit Documentation

This question details the elements that must be included in an engagement letter issued to a new audit client, covering responsibilities, terms, and scope of the audit.

BL – Nov 2015 – L2 – SB – Q5b – Law of Contract

Explain three ways in which a contract may be discharged.

BL – Nov 2013 – L1 – SA – Q4 – Law of Contract

Identifies the term for a contract where obligations are yet to be carried out.

BL – May 2018 – L1 – SB – Q2c – Law of Contract

Discuss the implications of actions during the proposal form stage of an insurance contract.

BL – May 2018 – L1 – SA – Q13 – Partnership Law

Identify who fixes the duties of parties in tort.

BL – Nov 2023 – L1 – SA – Q11 – Law of Contract

This question asks about elements that are not part of a valid contract.

BL – May 2023 – L1 – SB – Q5A – Agency Law

Identify and explain conditions an employer must meet before implementing redundancy.

BL – MarJul 2020 – L1 – SA – Q11 – Law of Contract

Question identifying the fundamental terms essential to a contract.

BCL – Nov 2016 – L1 – Q4a – Alternative Forms and Constitutions of Business Organisations

Determine whether partners remained after notice of retirement under the Incorporated Private Partnership Act, 1962 (Act 152).

BMIS – Nov 2016 – L1 – Q4b – HR – Other human resources functions

Suggest reasons to allocate funds for employee health and safety needs in an organization.

BMIS – Nov 2023 – L1 – Q4a – HR – Other human resources functions

Explain five responsibilities of an employer regarding the health and safety of employees in the workplace.

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AA – Nov 2016 – L2 – Q2c – Audit Documentation

This question details the elements that must be included in an engagement letter issued to a new audit client, covering responsibilities, terms, and scope of the audit.

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BL – Nov 2015 – L2 – SB – Q5b – Law of Contract

Explain three ways in which a contract may be discharged.

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BL – Nov 2013 – L1 – SA – Q4 – Law of Contract

Identifies the term for a contract where obligations are yet to be carried out.

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BL – May 2018 – L1 – SB – Q2c – Law of Contract

Discuss the implications of actions during the proposal form stage of an insurance contract.

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BL – May 2018 – L1 – SA – Q13 – Partnership Law

Identify who fixes the duties of parties in tort.

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BL – Nov 2023 – L1 – SA – Q11 – Law of Contract

This question asks about elements that are not part of a valid contract.

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BL – May 2023 – L1 – SB – Q5A – Agency Law

Identify and explain conditions an employer must meet before implementing redundancy.

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BL – MarJul 2020 – L1 – SA – Q11 – Law of Contract

Question identifying the fundamental terms essential to a contract.

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BCL – Nov 2016 – L1 – Q4a – Alternative Forms and Constitutions of Business Organisations

Determine whether partners remained after notice of retirement under the Incorporated Private Partnership Act, 1962 (Act 152).

You're reporting an error for "BCL – Nov 2016 – L1 – Q4a – Alternative Forms and Constitutions of Business Organisations"

BMIS – Nov 2016 – L1 – Q4b – HR – Other human resources functions

Suggest reasons to allocate funds for employee health and safety needs in an organization.

You're reporting an error for "BMIS – Nov 2016 – L1 – Q4b – HR – Other human resources functions"

BMIS – Nov 2023 – L1 – Q4a – HR – Other human resources functions

Explain five responsibilities of an employer regarding the health and safety of employees in the workplace.

You're reporting an error for "BMIS – Nov 2023 – L1 – Q4a – HR – Other human resources functions"

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