Bộ Đề thi Ôn luyện trắc nghiệm môn f4 acca corporate and business law số 2

In contract law, which of the following constitutes a valid acceptance of an offer.. Under the Vietnamese Labour Code, which of the following contracts can be oralA. Sun Company, insolve

ACCA F4: Corporate and Business Law (Vietnam)

Revision Exam (50 Questions)

Prepared for Professional Exam Preparation

Part 1: Questions

1 Which of the following is a primary function of the National Assembly in Vietnam?

A Appointing judges to the Peoples Courts

B Approving the national budget

C Managing day-to-day government operations

D Conducting criminal investigations

2 In contract law, which of the following constitutes a valid acceptance of an offer?

A A counter-offer proposing different terms

B Silence in response to a written offer

C An unequivocal agreement to the offers terms

D An invitation to negotiate further

3 Under the Vietnamese Labour Code, which of the following contracts can be oral?

A A one-year contract for a factory worker

B A two-month contract for a temporary driver

C A six-month contract for a retail manager

D A permanent contract for an office administrator

4 In a shareholding company, which of the following is true about the Board of Manage-ment?

A Members must own at least 5% of the companys shares

B Members can serve on boards of multiple companies

C Members are appointed for a fixed two-year term

D Members must be Vietnamese citizens

5 Which of the following is a requirement for the name of a Vietnamese enterprise?

A It must include the founders name

B It must indicate the type of enterprise

C It must be in Vietnamese only

D It must avoid any abbreviations

6 Which decision is exclusively reserved for the general meeting of shareholders in a share-holding company?

A Setting the companys annual budget

B Appointing the external auditor

C Approving the companys logo

D Hiring the general director

7 Jay Company was declared insolvent on 15 March It ordered goods from Lee Company

on 10 March, with delivery on 20 March and payment due 30 days later What is Lee Companys status?

A Secured creditor with priority

B Unsecured creditor

C Entitled to recall goods in transit

D Entitled to impose a lien on goods

8 What is the limitation period for initiating court action for a contractual dispute in Viet-nam?

A Two years from contract signing

B Three years from rights infringement awareness

C Four years from dispute notification

D Five years from contract breach

9 An employee wrongfully dismissed can claim:

A Reinstatement only

B Compensation only

C Reinstatement and compensation

D Punitive damages only

10 Kay Company, a limited liability company, was registered on 20 June 2021 Founders signed the agreement on 1 June 2021, and all capital contributions were completed by 15 June 2021 When did Kay Company gain legal personality?

A 1 June 2021

B 15 June 2021

C 20 June 2021

D 30 June 2021

11 Who has the authority to convene sessions of the National Assembly?

A The Prime Minister

B The President

C The Standing Committee

D The Supreme Peoples Court

12 Which of the following constitutes bribery under Vietnamese law?

A A company offering a discount for bulk purchases

B A payment to a public official to expedite a permit

C A gift to a client for long-term business

D A bonus to employees for meeting targets

13 Which method of securing obligations supports low-income households in borrowing?

A Pledge of property

B Microfinance loan

C Guarantee by a third party

D Escrow deposit

14 In relation to a mortgage under Vietnamese law, which statement is correct?

A The creditor gains ownership of the mortgaged asset

B The debtor retains possession and use of the asset

C The creditor receives all income from the asset

D The asset cannot be sold under any circumstances

15 For a tort claim to succeed in Vietnam, which is essential?

A The harm must be intentional

B The parties must have a prior relationship

C A causal link between action and damage

D The damage must exceed a monetary threshold

16 Lan offered to buy Minhs car, specifying price and terms, stating silence within five days means acceptance Minh sold the car to Nam without responding Which is true?

A Nams purchase is invalid without Minh rejecting Lans offer

B Minhs silence constitutes acceptance

C Lans offer was an invitation to treat

D Lans offer was valid, but Minh was not obligated to respond

17 Hoas fixed-term contract ended on 10 October but she worked until 25 October The employer terminated her from 26 October Which is true?

A The employer must pay Hoa until 26 October

B The contract became indefinite term

C The employer must provide one months notice

D The employer must extend the contract by six months

18 What minimum percentage of ordinary shareholders can file a bankruptcy petition against

a shareholding company?

A More than 10%

B More than 15%

C More than 20%

D More than 25%

19 What is the effect of rescinding a contract under Vietnamese law?

A The contract is void with no further obligations

B The contract remains enforceable

C The injured party can claim damages and be released from obligations

D The contract is suspended temporarily

20 What is the minimum age for an individual to perform minor civil transactions indepen-dently?

A 12 years

B 14 years

C 16 years

D 18 years

21 A company is declared insolvent if it cannot meet obligations within:

A Two months

B Three months

C Six months

D Nine months

22 For a partnership to borrow 25% of its Charter capital, what majority of the Partnership Council is required?

A Simple majority

B Two-thirds majority

C Three-quarters majority

D Unanimous consent

23 For a construction company hiring workers, which clause is NOT mandatory in a labour contract?

A Working hours

B Salary details

C Annual leave entitlement

D Performance bonus structure

24 Which statement about insider dealing is true under Vietnamese law?

A Only listed company securities are affected

B It includes disclosing inside information

C Only company directors can be prosecuted

D Prosecution requires a financial loss

25 Which courts in Vietnam act as both trial and appeal courts?

A District and municipal courts

B Provincial and district courts

C Supreme and provincial courts

D Municipal and supreme courts

26 An agent bids beyond the principals limit at an auction and wins What is the conse-quence?

A The principal is bound by the bid

B The agent is personally liable

C The bid is void

D The auction is postponed

27 Which of the following constitute redundancy dismissals?

A Technological changes and employee misconduct

B Company restructuring and economic downturn

C Long-term illness and refusal to relocate

D Misconduct and failure to meet targets

28 If a contract term is ambiguous, how will a court interpret it?

A Based on the offerors intention

B Using regional customs

C Objectively, considering context

D Favoring the weaker party

29 What is a right of dividend preference shareholders?

A Voting on all company matters

B Fixed dividend payments

C Control over company strategy

D Equal share in ordinary dividends

30 Which scenario creates a tort obligation?

A A supplier delivers late due to a strike

B A driver negligently damages a parked car

C A retailer sells a defective product under warranty

D A company cancels a contract due to insolvency

31 What is a right of a guarantor under Vietnamese law?

A Cancel the guarantee unilaterally

B Claim reimbursement from the debtor

C Seize the debtors assets

D Demand creditors financial records

32 If a restaurant employee damages a customers property during duties, who is primarily liable?

A The employee

B The employer

C Both jointly

D Neither party

33 Which statement is true about share and loan capital?

A Share capital is repayable like loan capital

B Loan capital providers have voting rights

C The shareholder relationship is contractual

D The Charter binds loan capital providers

34 What is the purpose of damages in a breach of contract?

A Punish the breaching party

B Restore the pre-contract position

C Compensate for losses incurred

D Enforce contract terms

35 Which is NOT a consequence of a counter-offer?

A It nullifies the original offer

B It can be accepted or rejected

C It binds both parties partially

D It acts as a new offer

36 For an offer to be valid, it must:

A Be in writing

B Specify a response deadline

C Be clear on essential terms

D Be notarized

37 Sun Company, insolvent, has debts including employee wages, secured loans, tax liabili-ties, and unsecured suppliers What is the priority order?

A Wages, taxes, secured loans, suppliers

B Secured loans, wages, taxes, suppliers

C Taxes, wages, secured loans, suppliers

D Wages, secured loans, taxes, suppliers

38 In which scenario does a creditor have a right of offset?

A A buyer pays for undelivered goods

B A mechanic repairs a car, but the owner cannot pay

C A contractor fails to complete a project

D A debtor defaults on a secured loan

39 Nam left an unlimited partnership two years ago The partnership incurred debts during his tenure What is his liability?

A No liability

B Proportional to his share

C Full liability

D Liability for one year post-exit

40 Linh was hired based on falsified credentials but performs well Can the employer dismiss her?

A Yes, for breach of trust

B No, due to satisfactory performance

C Yes, if credentials are legally required

D No, due to employers failure to verify

41 What is the primary role of the Supreme Peoples Court?

A Resolve commercial disputes

B Hear appeals and supervise lower courts

C Draft new legislation

D Appoint government officials

42 Which circumstance prevents a successful breach of contract claim?

A Breach due to employee error

B Breach due to unforeseen natural disaster

C Breach not specified in the contract

D Breach with prior notification

43 Which securities issued by a shareholding company are non-transferable?

A Ordinary shares

B Bonds

C Dividend preference shares

D Voting preference shares

44 Who resolves disputes regarding the constitutionality of laws in Vietnam?

A The National Assembly

B The Standing Committee

C The Supreme Peoples Court

D The Government

45 Which creates a valid agency relationship under Vietnamese law?

A An agent acting without authority

B A written or verbal agreement

C A third party assuming agency

D An agent exceeding agreed terms

46 Which is a valid ground for terminating a labour contract?

A Employee requesting flexible hours

B Employee committing serious misconduct

C Employee attending a professional course

D Employee refusing a promotion

47 In a partnership, who has unlimited liability?

A Limited partners

B General partners

C Silent partners

D All partners equally

48 Which is a requirement for a valid contract under Vietnamese law?

A It must be registered

B It must involve payment

C It must have mutual consent

D It must be notarized

49 Which is NOT required for a tort claim under Vietnamese law?

A Duty of care

B Breach of duty

C Intent to cause harm

D Resulting damage

Part 2: Answers with Explanations

1 B

Explanation: The National Assembly approves the national budget, per the Constitution

of Vietnam Appointing judges (A) is the Presidents role, managing operations (C) is the Governments role, and investigations (D) are handled by judicial bodies

2 C

Explanation: A valid acceptance under the Civil Code requires unequivocal agreement

to the offers terms (C) Counter-offers (A) reject the original offer, silence (B) is not acceptance, and invitations to negotiate (D) are not binding

3 B

Explanation: The Labour Code permits oral contracts for temporary work under three

months (B) One-year (A), six-month (C), or permanent contracts (D) require written agreements

4 B

Explanation: Per the Enterprise Law, Board members can serve on multiple companies

boards (B) Share ownership (A), fixed two-year terms (C), or Vietnamese citizenship (D) are not required

5 B

Explanation: The Enterprise Law requires the enterprise name to indicate its type (e.g.,

LLC, JSC) (B) Founders name (A), Vietnamese-only names (C), or avoiding abbrevia-tions (D) are not mandatory

6 B

Explanation: Appointing the external auditor is an exclusive power of the general meeting

of shareholders, per the Enterprise Law (B) Budgets (A), logos (C), or hiring directors (D) are Board responsibilities

7 B

Explanation: After insolvency, Lee Company cannot recall goods post-delivery or impose

a lien, becoming an unsecured creditor (B), per the Bankruptcy Law

8 B

Explanation: The Civil Code sets a three-year limitation period for contractual disputes

from when rights infringement is known or should be known (B)

9 C

Explanation: The Labour Code allows wrongfully dismissed employees to claim

rein-statement and compensation (C), including back pay and damages

10 C

Explanation: A limited liability company gains legal personality upon registration, 20

June 2021 (C), per the Enterprise Law Earlier dates (A, B) are pre-registration activities

11 C

Explanation: The Standing Committee convenes National Assembly sessions, per the

Constitution (C) Other bodies (A, B, D) lack this authority

12 B

Explanation: A payment to expedite a permit is bribery under the Anti-Corruption Law

(B) Discounts (A), gifts (C), or bonuses (D) are not necessarily bribery unless corrupt intent is proven

13 B

Explanation: Microfinance loans support low-income households, per banking

regula-tions (B) Pledges (A), guarantees (C), or escrow (D) serve other purposes

14 B

Explanation: In a mortgage, the debtor retains possession and use, per the Civil Code

(B) Ownership does not pass (A), income stays with the debtor (C), and sale is possible

on default (D)

15 C

Explanation: A tort claim requires a causal link between action and damage, per the Civil

Code (C) Intent (A), prior relationships (B), or monetary thresholds (D) are not essential

16 D

Explanation: Lans offer was valid, but silence is not acceptance under the Civil Code

(D) Nams purchase is valid (A), the offer was not an invitation to treat (C), and silence

is not acceptance (B)

17 B

Explanation: Continuing work after a fixed-term contract converts it to an indefinite

term contract, per the Labour Code (B) Notice (C) or extension (D) are not required, and payment is covered (A)

18 C

Explanation: More than 20% of ordinary shareholders can file a bankruptcy petition, per

the Bankruptcy Law (C)

19 C

Explanation: Rescission releases the injured party from obligations and allows damages,

per the Civil Code (C) It does not void the contract entirely (A), keep it enforceable (B),

or suspend it (D)

20 C

Explanation: Individuals aged 16 can perform minor civil transactions independently, per

the Civil Code (C)

21 B

Explanation: Insolvency is declared if obligations cannot be met within three months,

per the Bankruptcy Law (B)

22 B

Explanation: A two-thirds majority is required for borrowing 25% of Charter capital, per

the Enterprise Law (B)

23 D

Explanation: Performance bonuses (D) are not mandatory in labour contracts, unlike

working hours (A), salary (B), or leave (C), per the Labour Code

24 B

Explanation: Disclosing inside information is an insider dealing offence, per the

Securi-ties Law (B) Listed company exclusivity (A), director-only prosecution (C), or financial loss (D) are not required

25 B

Explanation: Provincial and district courts serve as trial and appeal courts, per Vietnams

court system (B)

26 B

Explanation: An agent exceeding authority is personally liable, per the Civil Code (B).

The principal is not bound (A), the bid is not void (C), and the auction continues (D)

27 B

Explanation: Restructuring and economic downturns are redundancy grounds, per the

Labour Code (B) Misconduct (A, D) or illness (C) are not redundancy-related

28 C

Explanation: Ambiguous terms are interpreted objectively based on context, per the Civil

Code (C) Offeror intent (A), customs (B), or favoring the weaker party (D) are secondary

29 B

Explanation: Dividend preference shareholders are entitled to fixed dividends, per the

Enterprise Law (B) Voting (A), strategy control (C), or ordinary dividends (D) are not guaranteed

30 B

Explanation: A driver negligently damaging a car creates a tort obligation, per the Civil

Code (B) Late delivery (A), defective products (C), or insolvency (D) are typically con-tractual issues

31 B

Explanation: A guarantor can claim reimbursement from the debtor if they pay, per the

Civil Code (B) Unilateral cancellation (A), asset seizure (C), or records access (D) are not rights