LWSkill level

Corporate and Business Law

The legal frameworks that govern businesses.

Exam length
2 hours
Pass mark
50%
Level
Skill level
Exam availability
March, June, September, December

Some papers have fewer variants in March and September. Check ACCA for the latest dates.

01 / ABOUT THIS PAPER

Built around the LW exam

Our LW course is organised into six areas: Essential Elements of the Legal System, The Law of Obligations, Employment Law, The Formation and Constitution of Business Organizations, Capital and the Financing of Companies and Management, Administration and Regulation of Companies. Each area comes with exam-style practice questions in the LMS.

Global pass rate: 82% (June 2026 sitting, source: ACCA)

02 / SYLLABUS

What the course covers

01

Essential Elements of the Legal System

  • Sources of law and legal hierarchy
  • Court systems and judicial precedent
  • Human rights and EU law impacts
  • Alternative dispute resolution
  • Role of legal professionals
02

The Law of Obligations

  • Formation of contract (offer and acceptance)
  • Consideration and intention to create legal relations
  • Contractual terms and exclusion clauses
  • Breach of contract and remedies
  • Tort of negligence and duty of care
03

Employment Law

  • Contract of employment and worker status
  • Dismissal (unfair and wrongful)
  • Redundancy rules and employee rights
  • Health and safety obligations
  • Discrimination and equality legislation
04

The Formation and Constitution of Business Organizations

  • Sole traders, partnerships, and LLPs
  • Company incorporation and promoters
  • Articles of association and constitutions
  • Capital maintenance and share capital
  • Corporate personality and lifting the veil
05

Capital and the Financing of Companies

  • Share capital classes and rights
  • Loan capital, debentures, and charges
  • Fixed and floating charges registration
  • Capital maintenance rules
  • Dividends and distribution of profits
06

Management, Administration and Regulation of Companies

  • Appointment and removal of directors
  • Directors' duties and liabilities
  • Shareholder rights and minority protection
  • Company meetings and resolutions
  • Insolvency, liquidation, and administration
PRACTISE IN THE LMS

Practise LW, marked instantly.

6
practice papers
96
questions today

Each with instant marks, feedback and a tip to improve. You always know whether your answer was right.

Try the LMS demo
03 / YOUR TEACHERS

Meet your teachers

SS
Sheikh Siyaf
Managing Director
JF
Javeriya Firdous
Academic Director

More teachers will be added soon.

04 / KEEP EXPLORING

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