Home / Practice / ACCA / Corporate and Business Law / LW A Essential elements of legal systems
7 ACCA Corporate and Business Law questions with answers and explanations.
Printable worksheet with answer key
Which statement correctly describes criminal law?
Correct answer: The state prosecutes offences against the public and punishes the offender
Criminal law deals with offences against the state. Civil law deals with disputes between private parties.
In civil cases, the usual standard of proof is:
Correct answer: The balance of probabilities
Criminal cases need proof beyond reasonable doubt.
The doctrine of the separation of powers divides state power between:
Correct answer: The legislature, the executive and the judiciary
The aim is to stop any one body having complete control.
Which legal system relies mainly on judicial precedent?
Correct answer: Common law
Common law developed through court decisions. Civil law systems rely on codes.
What is a model law?
Correct answer: A template that states can adopt into their own legislation
A model law is not binding until a state adopts it.
Which of these is an advantage of arbitration over court proceedings?
Correct answer: The process is private and the parties can choose the arbitrators
Privacy and expert arbitrators are the usual advantages. Rights of appeal are limited.
The decision of an arbitral tribunal is called:
Correct answer: An award
Courts give judgments and tribunals make awards.