ICAEW ACA LAW EXAM WITH CORRECT
ACTUAL QUESTIONS AND CORRECTLY
WELL DEFINED ANSWERS LATEST
ALREADY GRADED A+ 2025 – 2026
is there a rebuttable presumption that parties to a
commercial agreement intend it to be legally binding?
yes
what best describes consideration?
consideration must be sufficient but need not be adequate
can the payment of £1 per year as rent to a house constitute
as valid consideration?
yes
can 'a promise made by adam not to pursue his action for
breach of contract against ben, if ben agrees to do Adams
accounts for him for 12 months without charge' constitute
valid consideration?
yes
,is performance of an existing contractual duty owed to the
promisor valid consideration?
no
will the courts imply a term into a contract if required to do
so by statute?
yes
can terms be implied on the basis of a custom or practise of
a particular trade?
yes
are the parties to a social or domestic agreement presumed
to have intended the agreement to be legally enforceable
although this intention is rebuttable?
no, there is a rebuttable presumption that they do no intend
to create legal relations
are the parties to a commercial agreement presumed to
have intended the arrangement to be legally enforceable?
yes
can a contractual offer be terminated by rejection?
yes
can a contractual offer be terminated by a lapse of time?
yes
when does UNCISG not apply?
, doesnt apply to sale of goods for personal use and not to
goods being auctioned
when does UNCISG apply?
when parties have their place of business in different states
What is an obligation of the seller under the UNCISG?
to deliver goods of quality set out in the contract
deliver goods on time
To comply with Sharia law, should savings and lending
arrangements avoid payment of interest?
yes
Under sharia law, what is riba?
the concept of unlawful gain
What is FOB?
free onboard and relates to goods travelling by sea
what are the two parties in a civil law case?
claimant and defendant
are civil law cases decided on the balance of probability?
yes
Under criminal law, does the burden of proof rest with the
accused?
no
ACTUAL QUESTIONS AND CORRECTLY
WELL DEFINED ANSWERS LATEST
ALREADY GRADED A+ 2025 – 2026
is there a rebuttable presumption that parties to a
commercial agreement intend it to be legally binding?
yes
what best describes consideration?
consideration must be sufficient but need not be adequate
can the payment of £1 per year as rent to a house constitute
as valid consideration?
yes
can 'a promise made by adam not to pursue his action for
breach of contract against ben, if ben agrees to do Adams
accounts for him for 12 months without charge' constitute
valid consideration?
yes
,is performance of an existing contractual duty owed to the
promisor valid consideration?
no
will the courts imply a term into a contract if required to do
so by statute?
yes
can terms be implied on the basis of a custom or practise of
a particular trade?
yes
are the parties to a social or domestic agreement presumed
to have intended the agreement to be legally enforceable
although this intention is rebuttable?
no, there is a rebuttable presumption that they do no intend
to create legal relations
are the parties to a commercial agreement presumed to
have intended the arrangement to be legally enforceable?
yes
can a contractual offer be terminated by rejection?
yes
can a contractual offer be terminated by a lapse of time?
yes
when does UNCISG not apply?
, doesnt apply to sale of goods for personal use and not to
goods being auctioned
when does UNCISG apply?
when parties have their place of business in different states
What is an obligation of the seller under the UNCISG?
to deliver goods of quality set out in the contract
deliver goods on time
To comply with Sharia law, should savings and lending
arrangements avoid payment of interest?
yes
Under sharia law, what is riba?
the concept of unlawful gain
What is FOB?
free onboard and relates to goods travelling by sea
what are the two parties in a civil law case?
claimant and defendant
are civil law cases decided on the balance of probability?
yes
Under criminal law, does the burden of proof rest with the
accused?
no
