VIP Exclusive
SQE1 VIP Functioning Legal Knowledge Practice Examination
SQE1 — The SQE1 is administered by Kaplan on behalf of the Solicitors Regulation Authority (SRA) in England and Wales; it consists of two Functioning Legal Knowledge (FLK) sittings of 180 Single Best Answer questions each (5 hours 36 minutes per sitting), covering Business Law & Practice, Dispute Resolution, Contract, Tort, Constitutional & Administrative Law, Property Practice, Wills & Intestacy, Probate, Trusts, and Solicitors Accounts; the pass mark is set post-hoc using the Modified Angoff method and has historically fallen around 56–60%.
30
Questions
90m
Time Limit
56.00%
To Pass
Question 1 of 30👑 VIP
Archie is a director of Pemberton Ltd, a private company. He learns through his directorial role that a commercial building adjoining the company's factory is about to come onto the market at a favourable price. Instead of disclosing this opportunity to the board, Archie purchases the building through a company he controls. The board subsequently discovers this. Which of the following best describes Archie's primary breach under the Companies Act 2006?
Questions 2–30 and full explanations are VIP-exclusive.