BUSINESS LAW
MID-TERM EXAM REVISION
What can be brought into the Exam?
Legal Text Materials
 Paper Dictionary
 Personal Notes
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What cannot be brought into the Exam?
Electronic Dictionary
 Powerpoint Slides
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Mid-term Exam:
Content & Time
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Contents:
◦ Part 1: ‘True/False’ / ‘Fill in the
blank’ questions &
Multiple Choice Questions
◦ Part 2: 2 Case Study Questions
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Time:
◦ Reading & Writing time:
90 minutes
Content weight?

Part 1(MCQ):
40%
◦ 20 questions in total
◦ 2 marks for each question

Part 2 (Case Study):
60%
◦ 2 Cases in total
◦ 30 marks for each case
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Total:
100%
Part I & II

Select and write your answers in the
exam question sheets first
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Then transfer your final answers to the
answer sheets
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Be confident with your choices!
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Remember the time!
Part I & II
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Topics covered:
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Nature of Business Law and Business Entity
Business household/individual
Private enterprises
Limited Liability Companies
Shareholding companies
Partnership
Reorganization
Part II. Case Study

Outline to answer case study:
◦ http://iulaw.wordpress.com/2012/03/18/prepar
ation-for-mid-term-exam/
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1. Outline legal issue(s)
2. State relevant laws
3. Application
4. Conclusion
Tips for Case Study

Strictly follow the 4-step outline, why?
◦ It helps you to keep track of your answer
◦ Saves you time
◦ Your answer format will look better and it
will be clearer to the examiners
Tips for Case Study
Do not use the white-out
 Read the question carefully
 Highlight the keywords/information
 Choose your side and stick with it
 Remember to reference the relevant laws
 Consider your timing
 Consider your wording
 Be confident in yourself
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Case Study 2
Mr.Nam is a founding shareholder of Minh Nam
Co. - a shareholding company trading rubber that
has been established since October 2010.
Mr.Nam personally holds 25% of the company’s
ordinary shares and a small amount of voting
preference shares. In 2012, Mr.Nam wants to
reside in USA with his family permanently; he
plans to sell all his shares (both ordinary and
voting preference shares) to others before
leaving the country. Mr.Nam comes to seek your
advice on how he may do so?