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Additional resources for CIMA - C05 Fundamentals of Ethics, Corporate Governance and Business Law: Revision Kit
B Cee Ltd can sue Dee Ltd for breach of contract and recover compensation for its own loss. C Cee Ltd may sue Dee Ltd for breach of contract and recover compensation for its own loss and the loss to F Ltd. D Cee Ltd can sue Dee Ltd for breach of contract only if it was acting as the agent of F Ltd. Which of the following statements is/are correct? (i) The limitation period for claims for breach of contract may be extended if a debt or other certain monetary amount is acknowledged or paid in part before the original period of limitation has expired.
Davina engages Rupert as interior decorator and designer to do up her flat in South Kensington. The contract is for a fixed sum of £7,500. Within the allotted time Rupert informs Davina that the work is completed. On inspection Davina finds that the doorbell does not chime and an aspidistra she requested has not been supplied. Must she pay Rupert? A Yes: though she may retain the purchase price of the aspidistra and amount for repair of the chimes. B Yes: the contract has been substantially performed and the full £7,500 must be paid.
A Yes: though she may retain the purchase price of the aspidistra and amount for repair of the chimes. B Yes: the contract has been substantially performed and the full £7,500 must be paid. C No: the failures in performance constitute anticipatory breach. D No: performance must be complete, entire and exact so nothing is payable until the defects are put right. Questions 4 Whin Mechanics Ltd agree to service a fleet of trucks for Rigg Enterprises Ltd for a total price of £20,000. Work is agreed to commence on 1 June and to be completed by 15 June.
CIMA - C05 Fundamentals of Ethics, Corporate Governance and Business Law: Revision Kit by BPP Learning Media