ACCA 2026 LW Corporate Law Legal Duties Free Quiz 1

Navigation Menu

Public Sector Private Sector Admissions in Punjab Admissions in KPK Admissions in Sindh Admissions in Balochistan Admissions in AJK

Public Sector Private Sector Universities in Punjab Universities in KPK Universities in Sindh Universities in Balochistan Universities in AJK

Public Sector Private Sector Semi-Govt (NUMS)

Scholarships in USA Scholarships in UK Scholarships in Canada Scholarships in Australia Scholarships in Europe Scholarships in Asia Scholarships in Africa

Full Length Papers Cadet Colleges Test ECAT FAST GIKI HAT General HAT Subject HEC ETC HEC LAT ISSB Initial Tests Join PAF Join Pak Navy KMU CAT MDCAT NCAT NTS NTS GAT General NTS GAT Subject NUST NET PU AHS PU COM PU CSS PU E PU GS PU M SZABMU AHS

ACT GMAT GRE General GRE Subject IELTS OET SAT TOEFL

ACCA CFA CPA

MCAT

About Us Contact Us Disclaimer Privacy Policy Admin Login

PAK PakAdmissions

Home |

Admissions

Public Sector Private Sector Admissions in Punjab Admissions in KPK Admissions in Sindh Admissions in Balochistan Admissions in AJK

|

Public Sector Private Sector Universities in Punjab Universities in KPK Universities in Sindh Universities in Balochistan Universities in AJK

|

Public Sector Private Sector Semi-Govt (NUMS)

|

Scholarships in USA Scholarships in UK Scholarships in Canada Scholarships in Australia Scholarships in Europe Scholarships in Asia Scholarships in Africa

|

Full Length Papers Cadet Colleges Test ECAT FAST GIKI HAT General HAT Subject HEC ETC HEC LAT ISSB Initial Tests Join PAF Join Pak Navy KMU CAT MDCAT NCAT NTS NTS GAT General NTS GAT Subject NUST NET PU AHS PU COM PU CSS PU E PU GS PU M SZABMU AHS

|

International Tests

ACT GMAT GRE General GRE Subject IELTS OET SAT TOEFL

|

Professional Exam Quiz

ACCA CFA CPA

|

Other Quiz

MCAT

| News | Blog

ACCA 2026 LW Corporate Law Legal Duties Free Quiz 1

ACCA Quiz

10:00

Answered: 0 / 10

Remaining: 10

Navigator 10 Q

General

ACCA 2026 LW Corporate Law Legal Duties Free Quiz 1

Practice ACCA 2026 LW Corporate Law MCQs from Legal Duties. Get instant results with Explanation.

General10 MCQs

1. Where are directors' duties codified?

A. Directors' duties are set out in common law onlyB. Directors' duties are codified in the Companies Act 2006, sections 171-177C. Directors have no statutory dutiesD. Directors' duties only apply to listed companies

2. What is the duty under s.172 of the Companies Act 2006?

A. Section 172 requires directors to maximise shareholder value at all costsB. Section 172 only applies to executive directorsC. Section 172 requires directors to promote the success of the company for members as a whole, considering stakeholdersD. Section 172 is not a duty but a guideline

3. What is the duty under s.174 of the Companies Act 2006?

A. Section 174 sets the duty to exercise reasonable care, skill, and diligenceB. Section 174 requires directors to be experts in all areasC. Section 174 does not consider the director's actual skillsD. Section 174 is not a duty

4. What is the duty under s.175 of the Companies Act 2006?

A. Section 175 allows directors to have unlimited conflicts of interestB. Section 175 only applies to financial conflictsC. Section 175 is not applicable to independent directorsD. Section 175 requires directors to avoid conflicts of interest with the company

5. What is the duty under s.176 of the Companies Act 2006?

A. Section 176 allows directors to accept gifts from suppliersB. Section 176 prohibits directors from accepting benefits from third parties without authorisationC. Section 176 does not apply to small giftsD. Section 176 only applies to listed companies

General10 MCQs

6. What is the duty under s.177 of the Companies Act 2006?

A. Section 177 requires declaration of interests only after the transactionB. Section 177 does not apply to transactions with the companyC. Section 177 requires directors to declare interests in proposed transactions with the companyD. Section 177 is not a duty but a guideline

7. What are the consequences of breach of directors' duties?

A. Breach of directors' duties can lead to remedies such as damages, account of profits, and injunctionsB. Directors are never personally liable for breach of dutiesC. Breach of duties only leads to dismissalD. Shareholders cannot take action against directors

8. What is a derivative claim?

A. A derivative claim is brought by the company against shareholdersB. A derivative claim is a claim by shareholders for their own lossC. A derivative claim does not require court permissionD. A derivative claim is a claim by a shareholder on behalf of the company for breach of duties

9. What is the fiduciary duty of directors?

A. Directors' fiduciary duty is owed to shareholders individuallyB. Directors owe a fiduciary duty to the company to act in good faithC. Fiduciary duty is only owed to creditorsD. Fiduciary duty is not a statutory duty

10. What is the duty of loyalty?

A. The duty of loyalty allows directors to compete with the companyB. The duty of loyalty only applies to executive directorsC. The duty of loyalty requires directors to put the company's interests first and avoid conflictsD. The duty of loyalty is not part of the Companies Act

📋 ACCA - Test Online Practice Quizzes

ACCA

Conducting Body: Association of Chartered Certified Accountants

Frequency: Exam Frequency Year Round | Time: 360 Minutes

Negative Marking: No

⚡ Test Pattern (Total: 116 MCQs):

Business and Technology: 46 MCQs
Management Accounting: 35 MCQs
Financial Accounting: 35 MCQs
Corporate and Business Law: 45 MCQs

Merit Formula: -

Practice ACCA MCQs

Quick Links

Latest Admissions

Sheikha Fatima Instituite of Nursing (SFIN)

University of Swabi (USW)

International Scholarships

Alfalah Scholarship Scheme 2026 Monthly Financial Aid for Pakistani Students

AJK Fully Funded Pakistan Scholarship 2026 Program

Popular Medical Colleges

Services Institute of Medical Sciences (SIMS)

Sir Syed College of Medical Sciences for Girls (SSCMS)

Mohtarma Benazir Bhutto Shaheed Medical College (MBBSMC)

Popular Universities

National Academy of Performing Arts (NAPA) Karachi

Bahauddin Zakariya University Vehari Campus (BZU)

Shaheed Zulfiqar Ali Bhutto Instituite of Science and Technology, Islamabad Campus

MBBS Seats Closing Merit Aggt Calculator

Home All Quizzes Medical Colleges

Scholarships

🇵🇰 Pakistan's Scholarships 🇺🇸 USA's Scholarships 🇬🇧 UK's Scholarships 🇨🇦 Canada's Scholarships 🇨🇳 China's Scholarships 🇸🇦 Saudi Arabia's Scholarships 🇦🇪 UAE's Scholarships 🇲🇾 Malaysia's Scholarships 🇪🇺 Europe's Scholarships 🇰🇷 South Korea's Scholarships 🇦🇺 Australia's Scholarships 🇩🇪 Germany's Scholarships 🇫🇷 France's Scholarships 🇯🇵 Japan's Scholarships 🇸🇬 Singapore's Scholarships 🇶🇦 Qatar's Scholarships 🇹🇷 Turkey's Scholarships 🇮🇹 Italy's Scholarships 🇪🇸 Spain's Scholarships 🇳🇱 Netherlands's Scholarships 🇸🇪 Sweden's Scholarships 🇨🇭 Switzerland's Scholarships 🇮🇪 Ireland's Scholarships 🇳🇿 New Zealand's Scholarships 🇿🇦 South Africa's Scholarships 🇪🇬 Egypt's Scholarships 🇰🇪 Kenya's Scholarships 🇧🇷 Brazil's Scholarships 🇦🇷 Argentina's Scholarships 🇲🇽 Mexico's Scholarships 🇮🇳 India's Scholarships

Entry Tests Preparation

Free Online Quiz

Entry Test English General Knowledge Islamiat Pak Studies Quantitative Reasoning

Practice Test Listening Reading Speaking Writing

Practice Test Grammar Reading Vocabulary

OET FLP 1 OET FLP 2

AUD BAR FAR ISC REG TCP

View All Tests →

Advertisement

AN Global Education

International Entry Tests

CPA CFA ACCA IELTS SAT

View All International Tests →

Follow Us

Facebook YouTube WhatsApp Instagram

Stay updated with latest news & updates

Aggregate Calculator

Calculate your MDCAT aggregate for MBBS admissions

Calculate Now →

© 2026 Pak Admissions. All Rights Reserved.

About Us Contact Us Disclaimer Privacy Policy Admin Login