This question requires candidates to explain the implied authority of a company secretary and apply the law relating to that topic appropriately to the three distinct contracts.

8–10 marks 
Thorough to complete answers, showing a detailed understanding of the implied authority as it applies to company secretaries and applying that law accurately.

5–7 marks 
A clear understanding of the topic, but perhaps lacking in detail. Alternatively, an unbalanced answer showing good understanding of one part but less in the others. Perhaps not applying the law accurately in the various contracts.

2–4 marks 
Some knowledge, although perhaps not clearly expressed, or very limited in its knowledge and understanding of the topic. Or perhaps the knowledge is not accurately applied.

0–1 mark 
Little or no knowledge of the underlying topic.