Corporate and Business Law (United Arab Emirates) - Specimen Exam - Paper F 4 (UAE)

Oct 28, 2026

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Fundamentals Level Skills Module specimen exam question paper for Corporate and Business Law in the United Arab Emirates, applicable from December 2016. The paper is scheduled for a two-hour time allowed and is structured into Section A with 45 compulsory multiple-choice questions and Section B with five compulsory multiple-choice questions. Instructions cover candidate conduct, recording answers in the candidate answer booklet grid, and prohibitions on writing or removing the paper from the examination hall. Exam focus includes UAE legal authority, contract offers and acceptance, letters of credit, dispute resolution, companies, employment of minors, sick leave, money laundering reporting, liability, and trade terms.

LanguageEnglish

CategoryExam

FormatPDF

Pages15

Reading Time38 min

AccessFree to download

Section A

Multiple-choice questions (1-45)

Section B

Multiple-choice questions (required set)

Fundamentals Level – Skills Module Corporate and Business Law (United Arab Emirates) Specimen Exam applicable from December 2016 Time allowed: 2 hours This question paper is divided into two sections: Section A – ALL 45 questions are compulsory and MUST be attempted Section B – ALL FIVE questions are compulsory and MUST be attempted Do NOT open this question paper until instructed by the supervisor. You must NOT write in your answer booklet until instructed by the supervisor. Do NOT record any of your answers on the question paper. This question paper must not be removed from the examination hall. Paper F 4 (UAE) | The Association of Chartered
Certified Accountants | | --- | | | Section A – ALL 45 questions are compulsory and MUST be attempted Please use the grid provided on page two of the Candidate Answer Booklet to record your answers to each multiple choice question. Do not write out the answers to the MCQs on the lined pages of the answer booklet. 1 Which of the following gives each emirate the authority to make its own laws? A UAE Civil Code B UAE Constitution C UAE Confederation (1 mark) 2 Which of the following actions is the acceptance to an offer at an auction? A Somebody shouts ‘OK, I will pay $5,000’ B A lady nods her head after the auctioneer says ‘Do I hear $5,000’ C The auctioneer bangs their hammer D The auctioneer shouts ‘Sold to the lady on the front row’ (2 marks) 3 Which of the following letters of credit contains the undertaking of the exporter’s bank? A Transferable credit B Revocable credit C Irrevocable credit D Confirmed credit (2 marks) 4 Which of the following types of alternative dispute resolution methods results in a binding decision being made? A Arbitration B Negotiation C Conciliation D Mediation (2 marks) 5 Which of the following statements about offers is true? A An offer must be made in writing B A verbal offer must be confirmed in writing C An acceptance of an offer must be made in writing D An offer can be made by telephone (2 marks) 6 Which of the following are the MINIMUM share capital requirements of public and private joint stock companies (JSC)? A AED 50 million (public JSC) and AED 10 million (private JSC) B AED 25 million (public JSC) and AED 5 million (private JSC) C AED 30 million (public JSC) and AED 10 million (private JSC) D AED 30 million (public JSC) and AED 5 million (private JSC) (2 marks) 7 Which of the following legal persons CANNOT register as a commercial agent? A UAE nationals B Limited liability companies with 51% UAE national ownership C Companies wholly owned by UAE nationals (1 mark) 8 Which of the following Incoterms does NOT include the cost of freight? A CIF B FOB C CIP D CFR (2 marks) 9 Which of the following is an implied offer? A The doors of a bus open at a bus stop B A special offer sign at a supermarket C Handing cash to a supermarket cashier D A special offer advertised in the window of a pizza takeaway shop (2 marks) 10 Which of the following is NOT a feature of a general partnership? A A legal agreement between two or more UAE nationals B It is a separate legal entity from its owners C Each partner is personally liable for the debts of the partnership (1 mark) 11 Which of the following is the MAXIMUM probation period? A Three months B Six months C Twelve months (1 mark) 12 When an offeror gives a time limit for the acceptance to be made, which of the following statements is true? A The offeree may retract the offer B The offeror may revoke the offer C The offeree may accept the offer before the time limit expires D The offeror may reject the offer at any time (2 marks) 13 Which of the following companies can be partly owned by non-nationals? A Limited liability companies B Public joint stock companies C Public shareholding companies D General partnership companies (2 marks) 14 Wh

FAQs

How is the exam paper divided, and how many questions are in each section?

Section A contains 45 compulsory multiple-choice questions. Section B contains five compulsory questions that must all be attempted.

What are the key instructions for candidates regarding writing and recording answers?

Candidates must not write in the answer booklet until instructed by the supervisor and must not record answers on the question paper. They should use the grid on page two of the Candidate Answer Booklet to record multiple-choice answers.

What exam rules govern removal or recording of answers on the question paper?

The question paper must not be removed from the examination hall, and answers must not be recorded on the question paper.

Oct 28, 2026

Upload by Bulrr