ICAB CL Business Law case studies
ICAB CL Business Law · Put your knowledge to work in context.
Business Law is a subject within the Chartered Accountancy qualification delivered by the Institute of Chartered Accountants of Bangladesh (ICAB), which describes itself as "a National Professional Accounting Body in Bangladesh" and as "the regulatory body for the profession of accountants and connected matters therewith." The qualification is aimed at students who have registered with ICAB and are working through its examination levels, and at members maintaining their professional knowledge. ICAB publishes a curriculum, a latest syllabus, study manuals, past question papers, suggested answers, examination time tables, examination guidelines and an examination FAQ, and it operates a separate examination portal plus sample question papers for computer-based testing at Certificate Level. The ICAB CL Business Law case studies are 5 cases and about 3,068 words.
1The Director's Conflicted Supply Contract
Halvorsen Ltd is a private company with three directors: Aria (managing director, 45% shareholder), Ben (finance director, 30%), and Cara (non-executive, 25%). Aria's wholly-owned side company, Northstar Trading, supplies packaging to Halvorsen.
630 words, about 3 min2The Personal Guarantee and the Failing Customer
Ridgeway Components Ltd supplies parts to Kestrel Engineering Ltd on 60-day credit terms. Kestrel's owner, Dev, signed a personal guarantee in favour of Ridgeway covering 'all sums now or hereafter owing from Kestrel to Ridgeway.' The guarantee contains no limit and no requirement that Ridgeway first pursue Kestrel.
638 words, about 3 min3The Exclusion Clause and the Late Delivery
Pinnacle Events Ltd hires a marquee and staging from Brightspace Hire Ltd for a three-day festival. Brightspace's standard terms, sent with the quotation and signed by Pinnacle's operations manager, state: 'Brightspace excludes all liability for loss or damage however arising, including consequential loss and loss of profit.' Brightspace's crew arrives eight hours late because of a scheduling error, and the staging is defective, forcing cancellation of the headline concert.
599 words, about 3 min4The Partnership, the Silent Partner and the Departing Capital
Three accountants, Farah, Gus and Hana, practise in partnership under a written agreement. The agreement says profits are shared equally, that 'no partner may be expelled,' and that 'a partner may retire on six months' notice.' Hana lends the firm £50,000 personally and takes no security.
628 words, about 3 min5The Agent Without Authority and the Third-Party Buyer
Corvus Trading Ltd sells industrial pumps. Its regional sales manager, Ilya, has authority to negotiate orders up to £40,000.
573 words, about 3 min