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BPP Learning Media LtdFOR EXAMS IN DECEMBER 2009 AND JUNE 2010The main aims of the F4 (Global) exam are:- To develop an understanding of the general legal framework in which international business takesplace and of specific legal areas relating to business, but- To recognise the need to seek further specialist legal advice where necessary
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S T U D Y PAPER F4 CORPORATE AND BUSINESS LAW (GLOBAL) In this edition approved by ACCA x We discuss the best strategies for studying for ACCA exams x We highlight the most important elements in the syllabus and the key skills you will need x We signpost how each chapter links to the syllabus and the study guide x We provide lots of exam focus points demonstrating what the examiner will want you to do x We emphasise key points in regular fast forward summaries x We test your knowledge of what you've studied in quick quizzes x We examine your understanding in our exam question bank x We reference all the important topics in our full index BPP's i-Learn and i-Pass products also support this paper. FOR EXAMS IN DECEMBER 2009 AND JUNE 2010 T E X T First edition 2007 Fourth edition June 2009 ISBN 9780 7517 6366 9 (Previous ISBN 9870 7517 4725 6) British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library Published by BPP Learning Media Ltd BPP House, Aldine Place London W12 8AA All our rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of BPP Learning Media Ltd. www.bpp.com/learningmedia Printed in the United Kingdom We are grateful to the Association of Chartered Certified Accountants for permission to reproduce past examination questions. The suggested solutions in the exam answer bank have been prepared by BPP Learning Media Ltd, unless where otherwise stated. Your learning materials, published by BPP Learning Media Ltd, are printed on paper sourced from sustainable, managed forests. © BPP Learning Media Ltd 2009 ii Contents Page Introduction How the BPP ACCA-approved Study Text can help you pass Studying F4 (Global) The exam paper v vii x Part A Essential elements of legal systems 1 2 3 Economic, political and legal systems International trade and regulation Commercial arbitration 3 27 47 Part B International business transactions 4 5 6 Contracts for the international sale of goods Obligations and risk in contracts for international sales Transportation and payment 63 77 97 Part C International business forms 7 8 Agency Sole traders and partnerships 121 135 Part D Joint stock companies 9 10 11 Corporations and legal personality Company formation Constitution of a company 153 173 189 Part E Capital and financing of companies 12 13 14 Share capital Borrowing and loan capital Capital maintenance and dividend law 209 223 239 Part F Management, administration and regulation of companies 15 16 Company directors and other company officers Company meetings and resolutions 255 289 Part G Legal implications relating to companies in difficulty or in crisis 17 Insolvency and administration 307 Part H Governance and ethical issues relating to business 18 19 Corporate governance Fraudulent behaviour Exam question bank Exam answer bank List of cases and index