Law Course

• What is the ICAEW Certificate Level course focused on?

  Law
• What is prohibited without permission from First Intuition Reading Ltd.?

  Reproduction or distribution of publication
• What is the consequence of unauthorized reproduction of the publication?

  It may be punishable by law
• When was the publication released?

  October 2023
• How many modules are there in the ACA qualification?

  15 modules
• What must be passed to qualify for the ACA?

  Every exam or receive credit
• What is the duration of each certificate level module assessment?

  1. 5 hours
• What can lead to eligibility for credit in some modules?

  Studying relevant subjects at degree level
• What is the ICAEW Certificate in Finance, Accounting and Business abbreviated as?

  ICAEW CFAB
• What does the Law module aim to provide understanding of?

  Principles of English Law
• What are the weightings of subjects within the Law module?

  • Civil law impact: 35%
  • Company and insolvency law: 40%
  • Criminal law impact: 10%
  • Law in professional context: 15%
• What is the pass mark for the Law exam?

  55%
• How many questions are in the Law exam?

  50 questions
• What type of questions are included in the Law exam?

  Multiple choice or multi-part multiple choice
• What resources are available in the First Intuition online course?

  Recorded lectures and mock exams
• What should you do if you haven't received the link to access the course?

  Contact your centre
• What is the purpose of the introductory videos in the course?

  Explain the Law exam and resources
• What are the key topics covered in the Legal principles and international law section?

  1. Types of law
  2. International law
  3. Islamic finance
  4. UK law supporting sustainability
• What does civil law regulate?

  Disputes between private individuals
• What is the aim of criminal law?

  To punish conduct prohibited by law
• Who is the claimant in civil law?

  The individual bringing the action
• What is the standard of proof in civil law?

  On the balance of probability
• What is the burden of proof in criminal law?

  Prosecution must prove the case
• What are the main remedies in civil law?

  Damages, specific performance, injunction
• Who decides the outcome in a civil case?

  Judge or agreement between parties
• What is the difference between civil and criminal law regarding redress?

  Criminal law does not give redress to individuals
• What is legislation?

  Law created by Parliament
• What is primary legislation?

  Created by Acts of Parliament
• What is secondary legislation also known as?

  Delegated legislation
• What is case law based on?

  Judicial precedent
• How do judges use legislation and case law?

  Refer to both when hearing cases
• What happens when legislation does not apply to a case?

  Judges determine how to act
• What is the significance of the Companies Act 2006?

  It governs relationships between individuals and organisations
• What is the purpose of the Economic Crime and Transparency Bill?

  Tackle economic crime and improve transparency
• What reforms does the Economic Crime and Transparency Bill propose?

  Reforms to prevent abuse of limited partnerships
• What does the UNCISG govern?

  Formation and rights of buyers and sellers
• What is the abbreviation for International Contract Terms?

  Incoterms
• How many standard terms are in Incoterms?

  11 standard terms
• What does EXW stand for in Incoterms?

  Ex works
• What does FCA stand for in Incoterms?

  Free carrier