Business and company law LAW1015 MCQ (mock prep) Questions and Answers Updated 2026

Business and company
law LAW1015 MCQ
(mock prep) Questions
and Answers Updated
2026
£100BrewardBforBtheBreturnBofBFluffyBmyBpetBcatBisBwhatBtypeBofBofBcontract?Bunila
teralBorBbilateralB-BAnswerBunilateral



WhichBofBtheseBisBnotBaBtypeBofBmisrepresentation?

Innocent

Harmless

Negligent

FraudulentB-BAnswerBHarmless



TheBlawBrecognisesBonlyBnaturalBpersons.BTrueBorBFalse?B-BAnswerBFalse



FisherBvBBellBconcernedBwhatBitemBinBaBshopBwindow?

SilverBSpoon

Puppy

Bird

FlickBknifeB-BAnswerBFlickBknife



TheBcaseBGreencloseBLtdBvBNationalBWestminsterBBankBPlcB[2014]BconcernedBwhichB
methodBofB'nearBinstantaneous'Bcommunication?

Telex

,Fax

Letter

EmailB-BAnswerBEmail



SB176BofBtheBCompaniesBActB2006BprovidesBforBtheB:

DutyBtoBexerciseBindependentBjudgement

DutyBtoBexerciseBreasonableBcare,BskillBandBdiligence

DutyBnotBtoBacceptBbenefitsBfromBthirdBparties

DutyBtoBdeclareBinterestBinBproposedBtransactionBorBarrangementB-
BAnswerBDutyBnotBtoBacceptBbenefitsBfromBthirdBparties



WhoBisBtheBofferee?

BpersonBtoBwhomBanBofferBhasBbeenBmade

ABpersonBwhoBmakesBanBofferBtoBanother

ABpersonBwhoBmakesBaBproposalBtoBanother

TheBclaimantB-BAnswerBpersonBtoBwhomBanBofferBhasBbeenBmade



AnBofferBmustBbe:

A.BClearBandBnotBcertain

B.BNotBclearBandBcertain

C.ClearBandBcertainB-BAnswerBC.ClearBandBcertain



WhichBofBtheseBisBaBtypeBofBtradingBstructure?

SoleBPartnership

SoleBCompany

SoleBTrader

SoleBCorporationB-BAnswerBSoleBTrader

, whichBoneBdoesBContractBlawBinvolve?

LegallyBbindingBagreements

ImpositionBofBstandardsBofBbehaviour

Restitution

LostBbenefitsB-BAnswerBLegallyBbindingBagreements



RegardingBcompanyBlaw,BmodelBarticlesBofBassociationBapplyBinBtheBabsenceBofBbesp
okeBarticlesBbeingBprovidedBonBregistration:

trueBorBfalse?B-BAnswerBTrue



DoesBaBcompanyBmustBhaveBarticlesBofBassociation?

YesB

NoB-BAnswerBYes



WhichBofBtheBfollowingBwouldBbeBaBdisadvantageBofBsettingBupByourBbusinessBasBaBl
imitedBcompany?

PerpetualBsuccession

FormalBprocessBtoBsetBup

SeparateBlegalBpersonality

LimitedBliabilityB-BAnswerBFormalBprocessBtoBsetBup



WhichBofBtheBfollowingBisBtheBdefinitionBofBmisrepresentation?



ABfalseBstatementBofBfactBorBopinionBwhichBinducedBtheBotherBpartyBtoBenterBintoBa
BbindingBagreementB(contract).



ABfalseBstatementBofBfactBmadeBbeforeBaBcontractBisBmade.