Corporate and Business Law

Where the marks are

Percentages are the examinable weighting for each area. Revising in this order puts your time where the marks are.

1. Laws of Commercial Transactions

   35%

   Law of contract · Agency · Law of torts · Sale of goods · Hire purchase · Insurance · Banking and negotiable instruments

2. Partnerships and Business Name, and Company and Insolvency Laws

   35%

   Partnerships law and business name registration · Company Law · Law of Insolvency

3. Criminal Law

   10%

   Criminal law regulating businesses and professional accountancy practice

4. The Nigerian Legal and Court Systems

   5%

   Sources of Nigerian law (excluding customary law) · Governing principles of the Nigerian Data Protection Regulations (NDPR), 2023 (as amended) · Statutory sources of Nigerian tax law · Composition, functions and powers of the Joint Revenue Board · Distinctions between civil law and criminal law · Case law and statutes distinguished · Hierarchy of Courts in Nigeria · Tax Appeal Tribunal: establishment, composition, jurisdiction and powers · Application of virtual evidence in the Nigerian judicial system · Nigerian Cyber Crime (Prohibition, Prevention, etc.) Amendment Act, 2024

5. Law of Trusts and Administration of Estate

   5%

   Creation of trusts; duties, powers, rights and accounts of trustees; rights of beneficiaries · Investments authorised by the Trustee Investment Act, 2004 (as amended) · Executors and administrators and their duties · Differences between probate and letter of administration · Regulation of trustees by the Securities and Exchange Commission (SEC)

6. Employment Law

   5%

   Situations giving rise to employment contracts · Law relating to employment, including employment contracts · Duties and rights of employer and employee, dismissal, unfair dismissal, remedies and other employee claims · Employment bond, non-compete, confidentiality and data protection provisions in employment contracts

7. Alternative Dispute Resolution Mechanism

   5%

   Alternative dispute resolution (ADR) mechanisms described · Nature, operation, advantages and disadvantages of ADR against court-adjudicated disputes · Arbitration and arbitral awards, and other types of ADR

Where candidates lose this paper

The Institute publishes its own past questions. What it cannot give you is an answer to these.

There is not enough time to read the whole study text before the diet.

The official study text condensed and reorganised by examinable weighting, with every claim cited back to the page it came from — so you can check anything you doubt in one click.

You write practice answers for months and never find out whether a single one would have scored.

Write by hand, photograph it, and have it marked against the examiner's own marking guide — with the marks broken down the way the examiner breaks them down, and the reason for each one.

The study text is hundreds of pages and none of it tells you which parts the examiner actually asks about.

Every syllabus topic, ordered by the share of marks it carries, so your revision time follows the marks instead of the page count.

You know the answer but lose marks anyway, and no one ever explains where they went.

The Institute's published solution beside your attempt, with the mark allocation visible — so you can see the marks sitting in the principle and the application, not only the final figure.