Association of Taxation Technicians (ATT) Law CBE Practice Exam

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• What is a scheme of arrangement?
• What is required to remove a director?
• Which statement correctly reflects trustees' impartiality duties?
• Freehold property is best described as ownership of:
• Which statement about the economic reality test is true?
• Which term describes the physical act or omission that constitutes the offence?
• Can a partnership own property?
• Agent's authority may be expressed, implied, and what other form?
• Administration is designed to do what primary objective?
• Which four elements are identified as constituting ownership?
• Which are grounds for judicial review?
• Which statement best contrasts ratio decidendi and obiter dictum?
• How might a contract end lawfully?
• How might an offer be terminated?
• Which term describes the executive among the three organs of government?
• What is a contract?
• Joint Tenancy is characterized by
• What is a consequence of an administration order being in force?
• Which statement correctly describes the relationship between primary and secondary legislatures?
• What is the essence of a contract?
• How can a loan be secured?
• Which event ends a contract when performance is completed?
• Which of the following is not a type of limited company listed in the material?
• In evaluating an asset sale, which item is typically covered by due diligence?
• What mechanism ends a fixed-term contract?
• A worker is regarded as occupying which status?
• What does a purchaser need to consider in a share sale?
• Which statement about liquidation is true?
• Dividends
• Describe joint and several liability in a partnership.
• What does a moratorium prevent?
• What is a share sale?
• When is a union dissolved?
• Trusts may occur by operation of law. True or false?
• Which statement about the liability of a sole trader is true?
• Which statement best describes equity relative to common law?
• What are the primary duties of the personal representatives?
• What are typical remedies for breach of contract?
• When does a trust fail?
• Which statement correctly describes how a will can be altered?
• What was the primary source of English law prior to the 19th century?
• Which statement about floating charges is true?
• What is a fixed charge?
• Which statement about a liquidator's powers is true?
• Which equity remedy is described as rare?
• Which statement describes how public companies differ from private ones?
• In English law, property is classified as which two broad categories?
• What is the function of judicial review?
• What is the administrator's primary role?
• What is the supreme legislature?
• What rights do ordinary shares generally carry?
• What element does the term 'time' refer to in ownership?
• In a case with no will, what is the person who administers the estate called?
• Which of the following can terminate an employment contract without breach?
• The self-employment test looks at several factors. Which of the following is a factor?
• Under the rule of commorentes, when two people die at the same time, who is deemed to have survived?
• Property held in a joint tenancy on the death of one co-owner: which statement is correct?
• If legal and beneficial ownership vest at the same time in different persons, what is created?
• Which statement best describes a contract for loan of money?
• What is the maximum penalty under the Bribery Act 2010?
• When does ownership pass generally in property transfer?
• Under the Financial Services and Markets Act 2000, an offence is committed when a tax practitioner does not have the required permission or is not a member of a designated professional body and carries out certain restricted activities for the client.
• What is the issue of shares?
• Realty refers to which type of property?
• What happens upon completion of liquidation?
• Domicile of choice is abandoned by which action?
• When a trust is settled, what happens to ownership?
• What is needed to incorporate a company?
• Obiter dictum is:
• When can a divorce be granted?
• Which form provides survivorship rights?
• What is an interest in possession trust?
• A partnership has what kind of legal identity?
• In liquidation, which statement about charges is true?
• A contract of option holds the offer open for a specified period in exchange for what?
• Which two tests are used to determine whether a chattel becomes a fixture?
• A deed of variation is used to:
• Which of the following constitutes automatic unfair dismissal?
• What is an express private trust?
• What happens on incorporation?
• Which statement is accurate about the administration of equity and common law?
• What is the distinction between a freehold estate and a leasehold estate?
• Secondary legislatures are which bodies?
• Which statement describes the timing of an executor’s and an administrator’s authority?
• Which of the following best defines domicile?
• What is a warranty?
• What is a bare trust?
• What are typical awards for unfair dismissal?
• Fungible property is defined as?
• Compared with full employees, a worker has what kind of employment rights?
• How long can a moratorium be extended to?
• Possession is best described as?
• After a dissolution order, which of the following would the court NOT issue?
• What does Lex situs refer to?
• Under a contract of guarantee, when is the guarantor's liability activated?
• Which statement correctly describes how domicile of choice is acquired?
• After settlement, who holds legal and equitable ownership?
• What is a conditional contract?
• What is an estate in land?
• In a share sale, which of the following is typically the duty paid to government authorities on the transaction?
• Which of the following is NOT a fundamental doctrine of the UK constitution?
• Tenancy in Common allows co-owners to?
• What debts need paid during a moratorium?
• Which statement is true about a sole trader's liability?
• In a company voluntary arrangement (CVA), what is the typical outcome for creditors and the company?
• Locus standi refers to which concept?
• What does a company's constitution include?
• Which body can create road traffic regulations as a statutory instrument?
• Which is a potentially fair reason for dismissal?
• Which statement is true about loans from a company to a director?
• Pre-emption rights give existing shareholders what?
• Which of the following is a quantified form of share capital?
• What describes the existence of a company after it is incorporated?
• Frustration in employment occurs when?
• Which statement best summarizes who counts as a child?
• How are trustees paid?
• How can trustees be removed?
• A licence in estate is:
• Number of trustees depends on the nature of the trust property.
• Which of the following is NOT part of the irreducible minima tests?
• Which form is the opposite of reconstruction?
• If a contract is void, which statement is true?
• What is an asset sale?
• What is moratorium?
• Which of the following is NOT an implied duty of an employee?
• What are the three forms of corporate restructuring?
• Which of the following is not a typical remedy for breach of contract?
• In a contract of guarantee, what type of liability does the guarantor have?
• Which statement about administration is true?
• Paid-up share capital
• What is a child?
• If a director breaches statutory duties, what may happen?
• What is wrongful dismissal?
• Who bears the liability for a company's tax?
• What components are encompassed by the term land?
• Which of the following is a correct list of the three categories of British nationality?
• Insolvency is a branch of which area of law?
• Which form of co-ownership includes a right of survivorship?
• Primary legislatures include which institutions?
• What is the relationship between warranties and indemnities in a share sale?
• When is a marriage voidable?
• Trustees are personally liable for which of the following?
• What are chattels?
• When is a marriage void?
• Which of the following is NOT a listed ground for divorce?
• A codicil is best described as:
• What is an imperfect gift?
• A private company may purchase its own shares from which source, provided set procedures are followed?
• Redundancy terms: who has a right to statutory redundancy payment?
• Which is an example of intellectual property?
• What happens to chattels affixed to a building?
• An intestate situation occurs when a person dies without a valid will. How is the estate typically distributed under intestacy?
• Primary legislatures are which bodies?
• Realty includes which of the following?
• What is a partition?
• Statutory Instruments are:
• Which statement best describes a fixed-term contract termination?
• What happens when a sole trader or partnership business closes down?
• Who becomes the owner of the deceased's property?
• What is a bonus issue?
• What is constructive dismissal?
• Which remedy is available in equity when the subject matter is unique?
• What is a heads of agreement?
• During a moratorium, which debts must be paid?
• Which power is within a liquidator's remit?
• How can a company raise finance?
• When is a partnership formed?
• Which are the different classes of shares in a share capital?
• In a contract, what is true about a third party?
• Are trustees of a trust entitled to a personal allowance?
• What are personal representatives in an intestate case?
• Can a business be run from the trader's home?
• What is a trust?
• What are the duties of trustees?
• What is share capital?
• Irreducible minima tests include which elements?
• What age and mental capacity are required for the testator to have the validity of a will?
• Which statement correctly describes revocation of a will?
• Under a fixed charge, what is the debtor's ability to deal with the asset charged?
• Which statement best describes the nature of common law?
• Does divorce affect the operation of a will?
• A general legacy is a type of legacy that is paid out of the estate's general assets rather than from a specific asset. Which option is the correct type?
• What is a property?
• What obligation does the Supply of Goods and Services Act impose on a tax adviser?
• In partnership law, a partner's interest is described as a chose in action and is part of personalty. What does this imply?
• What is the maximum period a trust may last?
• Which body is the supreme legislature?
• What is an interest in land?
• Domicile of choice may be abandoned by which action?
• What best describes consideration?
• What term describes criminal intent?
• What is the typical remedy under common law?
• Co-ownership can take two forms of co-ownership?
• Which of the following is required for a valid will?
• When is a marriage valid?
• Do preference shares carry right to vote?
• When does reconstruction occur?
• In asset sale considerations, which regulation may cause contracts to transfer automatically to the purchaser?
• Which body hears questions on law?
• The economic reality test assesses which factor(s)?
• Describe a limited partnership.
• What is the purpose of model articles in company formation?
• What are the two types of limited company, and how are those by shares categorized?
• Ratio decidendi is:
• Which test is used to determine if a fixture's attachment is for the purpose of annexation?
• Which of the following is a branch of Public Law?
• Chattels real refers to which of the following?
• Ultra vires means what?
• Choses in possession vs choses in action
• Estates in land may be co-owned as:
• Which term denotes the mental element required for criminal liability?
• In case of conflict between common law and equity, which prevails?
• What is a CVA?
• What happens to property left over once an estate has been fully administered?
• How may an offer be made in a contract?
• How may a solvent company be brought to an end?
• Which body is described as the executive among the three organs of government?
• Which statement best describes a floating charge?
• What happens if a dividend is unlawful?
• Which scenario qualifies as a ground for removing trustees?
• What is the purpose of a limited liability partnership (LLP)?
• Is an office-holder treated as an employee for tax purposes?
• What happens to property when someone dies?
• What are gifts made under a will called?
• Two types of option contracts are calls and puts. Which statement correctly describes a call option?
• How can employment contracts end unlawfully?
• Which elements are essential to a contract?
• What is a rights issue?
• Can a company use financial assistance to buy shares in the company?
• What are the two stages of sale of an estate in land?
• Donatio mortis causa is an example of property that is not governed by the rule that property passes to personal representatives on death. Which statement is true?
• What is amalgamation?
• Personalty refers to which type of property?
• Which is a branch of Private Law?
• Franchising described as
• Which of the following best defines a company?
• Which statement best describes intellectual property?
• To determine whether a worker is employed rather than self-employed, which tests do courts apply?
• A tax practitioner can be vicariously liable for which of the following?
• What does it mean to ratify an agent?
• Which of the following is NOT a potential fair reason for dismissal?
• Licensing and franchising are described as?
• What are the three common structures used to carry on a business?
• What are the three types of domicile?
• What powers do trustees have?
• Which factors may make a contract void or voidable?
• Which statement about a liquidator's role is true?
• Which term denotes the physical act or omission in criminal law?
• Describe trustees.
• Which statement about legatees is true in relation to ownership of the deceased's property?
• Under professional liability, which scenario best illustrates vicarious liability?
• Difference between rights issue and bonus issue
• In an agency relationship, the legal relationship is created primarily between which parties?
• What are personal representatives in a testate case?
• What is the effect of issuing new ordinary shares?
• Must an employment contract be in writing?
• What is a retention of title clause?
• Which of the following describes a method to end a solvent company's existence?
• Ownership exists in which frameworks?
• Under a contract for the hire of chattels, what does the hirer obtain?
• What is an indemnity?
• Which of the following is NOT an implied duty of the employer?
• In a limited partnership, who typically manages day-to-day operations?
• What are the three certainties in trust creation?
• If the corporate veil is lifted, who can be held liable for the company's debts?
• Which branch does tax law belong to?