MCT (mixed) Flashcards
What kind of commercial relationships does the Unfair Terms Act not apply to?
Business relationships
What is the exception to the strict liability rule of Rylands v Fletcher?
Cases where the damage is unforeseeable
What is the main element of private nuisance?
Protection of interests in land (that is not so in public nuisance)
Which parties are liable for faults under CPA 1987?
The producer
Any person holding themselves out to be the producer
Importer in the UK (in the course of business)
Where would you check the quality of a title in the property?
Proprietorship Register of the registered title
What happens if the firm fails to obtain authorisation and carry on a regulated activity under the FSMA?
It is an offence and any contract made will be unenforceable
What is required to create a trust of shares?
Depositing an executed stock transfer form
What is an honest opinion defence?
The Defamation Act 2013 has replaced The ‘honest opinion’ defence with the ‘fair comment’ defence. It can be used as a defence to defamation claims if the defendant can show that:
that the statement in question was an opinion; (an opinion)
that within the statement there was an apparent basis to the opinion; and (basis for the opinion)
the statement is one that an honest person could have held (honest person could have held the opinion)
What effect does the frustration of a contract have?
It discharges the parties automatically (as it is a breach of contract)
What is a defence for hyperglycemia (high blood sugar)
Insanity as high blood sugar is caused by a natural factor; therefore it is a disease of the mind. Whereas hypoglycemia (low blood sugar) is an external factor and will lead to an automatism defence.
Will a 3rd party be bound by a covenant?
A third party will be bound by a negative covenant in equity if the party had notice to it
What kind of money does delivery of a bill costs costs/profit costs for a fee earned involve?
It is neither client nor firm money. It is recorded in the business section
Who can benefit from an easement?
The occupiers at the time being
Who is considered the directing mind of a company?
In the UK, corporate criminal liability is generally determined according to the “identification doctrine”.
Prosecutors must prove that the most senior officers of the corporate, i.e. the company’s “directing mind and will”, had the requisite criminal intent.
What happens if either house of the Parliament declines to ratify a treaty?
The government cant ratify the treaty; it must lay a statement giving reasons why it wishes to proceed with the ratification
The treaty can be ratified after the expiration of 21 days (unless Commons objects)
If Lords objects, but Commons does not, then a ministerial statement must be laid before Parliament explaining why the treaty must be ratified.
What kind of contracts are enforceable against a minor?
`Contracts for the benefit of a minor (for necessary good and services and not luxuries)
The BoP to show that a contract binds a minor is on the party trying to enforce the contract