This question requires candidates to analyse a problem scenario and explain and apply the law relating to directors’ contracts with their companies.
8–10 marks A good analysis of the scenario with a clear explanation of the law relating to contracts between directors and their companies, both at common law and under statute. References to the Companies Act 2006 will be provided.
5–7 marks Some understanding of the situation but perhaps lacking in detail or reference to the statute.
3–4 marks Weak answer lacking in knowledge or application, with little or no reference to the Companies Act.
1–2 marks Little, if any, knowledge of the appropriate legal principles.
0 marks No knowledge whatsoever of the substance of the question.