Question 1

A manufacturer was under contract to pay a supplier El .000 on receipt of the delivery of raw materials. However, the supplier failed to deliver and the manufacturer had to purchase identical materials from another supplier for £1,200. What amount of damages is the manufacturer legally entitled to claim from the supplier who failed to deliver?

Options :

A : £200

B : £1,000

C : £1,200

D : £2,200

Answer: A

Question 2

For this question more than 1 option is correct. You must select all the correct options to gain the mark. Which special defences are available to the fort of libel?

Options :

A : Honest opinion.

B : Privilege.

C : Statutory authority.

D : Necessity.

E : Prescription.

Answer: A,B

Question 3

Which of the following is a characteristic of a contract of insurance?

Options :

A : It is always a contract of adhesion

B : It requires both parties to meet in person

C : It involves a promise of a return on investment

D : It must be written in a formal language

Answer: A

Question 4

What is the role of a condition precedent in an insurance policy?

Options :

A : It defines the scope of coverage for the policyholder

B : It is a requirement that must be met before the insurer is liable for a claim

C : It outlines exclusions from coverage

D : It ensures that the insurer will cover all risks associated with a policy

Answer: B

Question 5

Which divisional court of the High Court includes a Commercial Court?

Options :

A : Queen's Bench Division.

B : Partnership Division.

C : Chancery Division.

D : Family Division.

Answer: C