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100+ Free ACCA LW Practice Questions

ACCA Corporate and Business Law (LW) practice questions are available now; exam metadata is being verified.

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On a winding up, which class of creditor typically ranks ahead of floating charge holders for a limited portion of their claim?

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Key Facts: ACCA LW Exam

50%

Pass Mark

ACCA Qualification

2 hours

Exam Duration

ACCA LW Syllabus and Study Guide

100

Total Marks

ACCA LW Exam Structure

On demand

CBE Availability

ACCA LW Exam Page

A-I

Syllabus Areas

ACCA LW-GLO Study Guide

5

Section B Scenario MTQs

ACCA LW Exam Structure

ACCA LW (Corporate and Business Law) is a 2-hour, on-demand computer-based exam at Applied Skills level. It is almost entirely objective: Section A contains objective test (OT) questions worth 1 or 2 marks each, and Section B contains five 6-mark multi-task scenario questions, for a total of 100 marks. The pass mark is 50%, the standard across the ACCA qualification. The syllabus spans areas A to I: the legal system, international business transactions and the CISG, transportation and payment, the law of obligations, employment law, company formation and constitution, capital and financing, management and regulation, and insolvency and corporate criminal behaviour. National variants exist, including the Global (LW-GLO) and English variants.

Sample ACCA LW Practice Questions

Try these sample questions to test your ACCA LW exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1In the ACCA LW (Global) syllabus, which type of law is concerned with disputes between private individuals or organisations seeking a remedy such as damages, rather than punishment by the state?
A.Civil law
B.Criminal law
C.Constitutional law
D.Public international law
Explanation: Civil law governs disputes between private parties (for example contract or tort claims) where the claimant seeks a remedy such as damages or an injunction. Criminal law, by contrast, involves the state prosecuting an accused to impose punishment.
2Under the doctrine of judicial precedent in a common law system, what is the binding element of a judgment that lower courts must follow?
A.The ratio decidendi
B.The obiter dicta
C.The court's final order only
D.The dissenting judgment
Explanation: The ratio decidendi is the legal reasoning essential to the decision and is the binding part of a precedent under stare decisis. Obiter dicta are persuasive only, and dissenting judgments do not bind.
3Which of the following best describes 'delegated legislation'?
A.Law made directly by Parliament in an Act
B.Law made by judges through case decisions
C.Rules made by a body using powers conferred by an enabling Act of Parliament
D.Treaty obligations binding on the state
Explanation: Delegated (subordinate) legislation is made by a person or body, such as a minister or local authority, exercising law-making power granted by a parent or enabling Act. Statutory instruments are a common example.
4When interpreting a statute, which rule of statutory interpretation requires the court to give words their ordinary, plain, grammatical meaning even if the result appears harsh?
A.The golden rule
B.The mischief rule
C.The literal rule
D.The purposive approach
Explanation: The literal rule directs the court to apply the natural and ordinary meaning of statutory words. The golden rule modifies the literal rule only to avoid an absurd result, and the mischief rule looks at the defect the statute aimed to remedy.
5Which court in the English legal system primarily hears the most serious criminal cases on indictment, such as murder, before a judge and jury?
A.The Crown Court
B.The Magistrates' Court
C.The County Court
D.The Supreme Court
Explanation: The Crown Court tries indictable (serious) criminal offences with a judge and jury. The Magistrates' Court deals with summary and less serious matters, while the County Court handles civil claims.
6What is the standard of proof that the prosecution must satisfy to secure a conviction in a criminal case?
A.Beyond reasonable doubt
B.On the balance of probabilities
C.On the preponderance of evidence
D.To a reasonable suspicion
Explanation: In criminal cases the prosecution must prove guilt 'beyond reasonable doubt', a higher standard reflecting the serious consequences of conviction. Civil claims use the lower 'balance of probabilities' standard.
7In a court hierarchy applying stare decisis, a decision of a higher court is binding on which courts?
A.Courts lower in the same hierarchy
B.Only the court that made the decision
C.All courts in every jurisdiction worldwide
D.Only courts of equal standing
Explanation: Under stare decisis a higher court's ratio binds courts below it in the same hierarchy, promoting certainty and consistency. It does not bind courts in unrelated jurisdictions and generally does not bind the higher court's own future decisions absolutely.
8The UN Convention on Contracts for the International Sale of Goods (CISG) generally applies to contracts for the sale of goods between parties whose places of business are in different states. To which of the following sales does the CISG NOT apply?
A.Sale of goods bought for personal, family or household use
B.Sale of industrial machinery between two businesses
C.Sale of raw materials between traders
D.Sale of manufactured components between companies
Explanation: Article 2 of the CISG excludes sales of goods bought for personal, family or household use (consumer sales). It is designed for commercial international sales between businesses in different contracting states.
9Under the CISG, when does a contract for the international sale of goods generally come into existence?
A.When the acceptance reaches the offeror
B.When the offer is dispatched
C.When the goods are delivered
D.When payment is made
Explanation: Under the CISG an acceptance becomes effective, and the contract is concluded, at the moment the indication of assent reaches the offeror (the receipt rule). Dispatch alone does not conclude the contract.
10Under the CISG, what is a buyer's primary remedy if the seller delivers goods that are non-conforming but the breach is NOT fundamental?
A.Damages and/or repair or price reduction
B.Automatic avoidance of the contract
C.Specific performance only
D.No remedy is available
Explanation: For a non-fundamental breach the buyer cannot avoid (terminate) the contract but may claim damages, require repair, or reduce the price proportionately. Avoidance is reserved for fundamental breaches under the CISG.

About the ACCA LW Practice Questions

Verified exam format metadata for ACCA Corporate and Business Law (LW) is pending. The practice questions above remain available while official exam length, timing, passing score, fee, and administrator details are reviewed.