Question 1

Which divisional court of the High Court includes a Commercial Court?

Options :

A : Queen's Bench Division.

B : Partnership Division.

C : Chancery Division.

D : Family Division.

Answer: C

Question 2

For this question more than 1 option is correct. You must select all the correct options to gain the mark. Which special defences are available to the fort of libel?

Options :

A : Honest opinion.

B : Privilege.

C : Statutory authority.

D : Necessity.

E : Prescription.

Answer: A,B

Question 3

At what stage is insurable interest required for a marine cargo insurance policy?

Options :

A : At the time of the loss only.

B : Throughout the duration of the contract.

C : At inception of the policy only.

D : At both inception of the policy and at the time of the loss.

Answer: A

Question 4

A claimant may possibly recover money transferred under an illegal contract when

Options :

A : the illegality makes the contract voidable rather than void.

B : both parties to the contract are equal in wrongdoing.

C : the contract is against public policy but not substantive law.

D : the legal portion of the contract can be severed from the illega portion.

Answer: B

Question 5

For this question more than 1 option is correct. You must select all the correct options to gain the mark. A proposer for private motorcycle insurance carelessly states the motorcycle's engine capacity as 500cc when in fact it is 1500cc. A policy is issued by the insurer on this basis. In the event of a valid claim causing damage to the motorcycle, what potential remedies are available to the insurer under the Consumer Insurance (Disclosure and Representations) Act 2012?

Options :

A : Reject the claim, but maintain the policy.

B : Reduce the claim amount in proportion to the premium it would have charged.

C : Apply any terms it would have applied if the misrepresentation had not taken place.

D : Avoid the contract, refuse all claims and keep the premium.

Answer: B,C

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