This question focuses on the authority of individual directors and how companies may be fixed with liability for contracts entered into by them.

8–10 marks 
A thorough analysis of the scenario focusing on the appropriate rules of law and applying them accurately. It is extremely likely that cases will be cited in support of the analysis and/or application and any reference to articles of association must refer to the provisions of the current model articles.

5–7 marks 
A clear understanding of the general law but perhaps lacking in detail or unbalanced in only dealing with some issues.

2–4 marks 
Some, but limited, understanding of the law or completely lacking in application.

0–1 mark 
Little or no knowledge of the relevant law.