June 2009 Answers - ACCA

9 7–10 Excellent answer identifying the issue of prohibition on companies giving loans to directors, with proper
explanation of the law and the exceptions thereto, and accurate advice to Serena.
5–6 Average answer identifying the issue, with a reasonable explanation of the law and correct application to the given
problem.
0–4 Incomplete or inaccurate answer.
10 (a) 3–5 Average to good answer accurately identifying the issue of exclusion clauses in relation to contract law, with
accurate application to the given problem.
0–2 Incomplete or inaccurate answer.
(b) 3–5 Average to good answer accurately identifying the issue of whether payment of a lesser sum is sufficient to
discharge a debt of a larger sum with proper application to the given problem.
0–2 Incomplete or inaccurate answer.
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