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ACCA F4 Corporate And Business Law Study Guide

ACCA F4 Corporate And Business Law Study Guide

ACCA F4 Corporate And Business Law Study Guide : Each subject area in the detailed study guide included in this document is given a 1, 2, or 3 superscript, denoting intellectual level, marked at the end of each relevant line. This gives an indication of the intellectual depth at which an area could be assessed within the examination. However, while level 1 broadly equates with the Knowledge module, level 2 equates to the Skills module and level 3 to the Professional level, some lower level skills can continue to be assessed as the student progresses through each module and level. This reflects that at each stage of study there will be a requirement to broaden, as well as deepen capabilities. It is also possible that occasionally some higher level capabilities may be assessed at lower levels.

ACCA F4 Corporate And Business Law Study Guide

ACCA F4 Corporate And Business Law Study Guide : The ACCA qualification does not prescribe or recommend any particular number of learning hours for examinations because study and learning patterns and styles vary greatly between people and organisations. This also recognises the wide diversity of personal, professional and educational circumstances in which ACCA students find themselves. As a member of the International Federation of Accountants, ACCA seeks to enhance the education recognition of its qualification on both national and international education frameworks, and with educational authorities and partners globally. In doing so, ACCA aims to ensure that its qualifications are recognized and valued by governments, regulatory authorities and employers across all sectors. To this end, ACCA qualifications are currently recognized on the education frameworks in several countries. Please refer to your national education framework regulator for further information. Each syllabus contains between 23 and 35 main subject area headings depending on the nature of the subject and how these areas have been broken down.

ACCA F4 Corporate And Business Law Study Guide

ACCA F4 Corporate And Business Law Study Guide :


1. Law and the legal system

a) Define law and distinguish types of law.

b) Explain the structure and operation of the courts.

2. Sources of law

a) Explain the various sources of law.

b) Explain what is meant by case law and precedent within the context of the hierarchy of the courts.

c) Explain legislation and evaluate delegated legislation.

d) Illustrate the rules and presumptions used by the courts in interpreting statutes.

e) Discuss how to interpret a court judgement.

3. Human rights and the Constitution

a) Identify the concept of human rights as expressed in the Constitution of South Africa.

b) Explain the impact of human rights law on statutory interpretation.

c) Explain the impact of human rights law on the common law.


1. Formation of contract

a) Analyse the nature of a contract.

b) Explain the requirements of a valid contract.

c) Explain the meaning of offer and acceptance and an invitation to do business.

d) Explain the meaning and consequence of acceptance.

e) Explain the concept of the intention to be bound by a contract.

f) Analyse the concept of sanctity of contract.

g) Analyse capacity to perform juristic acts.

h) Explain possibility and certainty of performance,

 2. Content of contracts

a) Distinguish terms from mere representations.

b) Define the various contractual terms.

c) Explain the effect of exclusion clauses and their control.

d) Explain the various conditions that can be attached to a contract.

3. Breach of contract and remedies

a) Explain the meaning and effect of breach of contract.

b) Explain the rules relating to the award of damages.

c) Analyse the remedies for breach of contract.

d) Demonstrate an understanding of consumer protection in general terms.

4. The law of delict and professional negligence

a) Explain the meaning of delict

b) Identify instances of delict including unlawful competition, provocation, ‘passing off’, negligence and professional negligence.

c) Explain the wrongfulness concept and its breach.

d) Explain the meaning of causality and remoteness of damage.

e) Discuss defences to actions in negligence.

f) Explain and analyse the duty of care of accountants and auditors.


1. Contract of employment

a) Distinguish between employees and the selfemployed.

b) Explain the nature of the contract of employment and give examples of the main duties placed on the parties to such a contract.

2. Dismissal, unfair labour practices and redundancy

a) Distinguish between wrongful and unfair dismissal including constructive dismissal.

b) Explain the meaning of redundancy.

c) Discuss the remedies available to those who have been subject to unfair dismissal, unfair labour practice or redundancy.


1. Agency law

a) Define the role of the agent and give examples of such relationships, paying particular regard to partners and company directors.

b) Explain the formation of agency relationship.

c) Define the authority of the agent.

d) Explain the potential liability of both principal and agent.

2. Partnerships

a) Demonstrate a knowledge of the law governing the partnership.

b) Discuss the formation of a partnerships.

c) Explain the authority of partners in relation to partnership activity.

d) Analyse the liability of various partners for partnership debts.

e) Explain the termination of a partnership and partners’ subsequent rights and duties.

3. Corporations and legal personality

a) Distinguish between sole traders, partnerships, close corporations and companies.

b) Explain the meaning and effect of limited liability.

c) Analyse different types of companies, including profit and non-profit companies.

d) Illustrate the effect of separate personality.

e) Recognise instances where separate personality will be ignored.

f) Explain the personal liability of members of a close corporation.

g) Explain the effect of legislation on the existence of close corporations.

4. The formation and constitution of a company

a) Explain the role and duties of company promoters, and breach of those duties and remedies available to the company.

b) Explain what a pre-incorporation contract entails.

c) Describe the procedure for registration and incorporation of companies.

d) Describe the criteria, registration and changing of company names.

e) Describe the statutory books, records and returns that companies must keep or make.

f) Explain the content and effect of the memorandum of incorporation and the rules of a company.

g) Analyse the legal status of the memorandum of incorporation and the rules of a company.

h) Explain how the memorandum of incorporation can be amended.

ACCA F4 Corporate And Business Law Study Guide

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