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ICAN · Foundation

Corporate and Business Law

The Corporate and Business Law syllabus for the Institute of Chartered Accountants of Nigeria, broken down by how much of the paper each area is worth. Laws of Commercial Transactions is the heaviest at 35% of the marks.

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

What Edentos holds for this paper

  • 133 past questions from the Institute’s own papers, with its published solutions.
  • A summary of the official study text, organised by the weightings above, with every claim cited to its page in the source.
  • Timed mock examinations sat on screen.
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Syllabus areas and weightings are published by the Institute of Chartered Accountants of Nigeria. Past questions and their official solutions are the Institute’s copyright and are available to signed-in candidates only.