For an open book exam - it is important in the preparation that you have all the materials properly structured. From my own experience I have always found it useful to have a list of all the principles or rules that I need to understand. I had to use card in my days because the exams were not open book and we had to cram one year of materials into a single exams - which can be quite tedious. But that had also taught me to organize my subject better.
What I think you should do is to list down all the principles that you should know. I will do this and let me know if I had left out anything:-
Lectures 1
Common Law
Legislation
Role of MAS & ACIS in regulating the financial market
Why regulate?
Lectures 2
Licensing Regime & Control of Licensees
Regulation of Financial Products
Regulation of Financial Services
Lectures 3
Suitability Rule
Know your Product
Disclosure – what is enough?
Financial Service Guide
Statement of Advise
Product Disclosure Statements
Liabilities for Breaches
Lectures 4
Common Law protection
Statutory Protection
Code of Conduct
Dispute Resolution
Remedies
Lectures 5
What is a Trust
Definition of a Managed Investment Scheme
Registration requirements
Scheme Constitution
Responsible Entity
Compliance Scheme
Effect of non registration
Lectures 6
Difference between a Debt & Equity
Nature of a Debt
Debentures - what are they
Regulations on the issue of Debentures
Charges - Fix & Floating
Priorities of Charges
Negative Pledge Lending
Guarantees
Third Party Guarantees
Lectures 7
Torrens System of Land Registration - what is it?
Indefeasible Title
Mortgage
Joint Tenancy v Tenant in Common
Strata Titles
Body Corporate - who they are and their function
Off Plan Purchases
Lectures 8
Shares - what are they?
The Corporate Veil
Disclosure requirements in issuing shares - prospectus
Dividend
Role of Directors
Duties of Directors
Rights of shareholders at General Meetings
Corporate Governance
Minority Protection
Lectures 9
Intestate Succession
Wills - formalities
Who must you make provision for in a will?
Effect of Divorce and Marriage to a Will
Power of Attorney
Enduring Power of Attorney
What are matrimonial assets
Division of matrimonial assets on a divorce
Pre Nuptial Agreements
Lectures 10
Sole Proprietors
Partnership
Limited Liability Partnerships
Companies
Trust
CPF
..........................
Ease of Registration
Tax
Cost of Registration
Control
Succession
Secrecy
Compliance
Lectures 11
Definition of Insolvency
Bankruptcy
Official Assignee - who are they
Duties of Bankrupts
Bankrupts Disabilities
Getting out of Bankruptcy
Assets protected from Bankruptcy
Role of an Administrator
Role of a Receiver
Role of a Liquidator
Insolvent Transactions - what are they?
Priorities of Creditors
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Once you have a list of the things you need to know - the next is to have short write ups on them. It is important to have the relevant authorities (cases or sections of legislations)in your explanation and understanding of these topics.
Good Luck
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There are 78 topics in all - i counted :)
ReplyDeletewow thanks so much, u were so nice enough to do this for us.:)
ReplyDeletehey Mr Yeo, for question 8 in the "tutorial problems", the case applies to the Pinnel's Case rule, according to it, it mentions that the part payment of a debt does not discharge the entire debt unless the part payment was made at the request of the creditor and the payment was made earlier, at a different place, or in conjunction with some other valuable consideration.
ReplyDeleteThe question states that Bright agrees to accept the lesser sum given by Gill's wife and sent a receipt to Gill marked "in full statement". Does this means that the statement stated in the receipt to Gill is equivalent to request of the creditor?
Also, does passing a cheque by Gill's wife to Bright applies to the Privity of Contract rule?
Lastly, am I able to state this in my answer as the conclusion? "It is not stated that the payment was made earlier than the required date, or that it is made at a different place than agreed by both parties and also that other valuable consideration has been moved from the promisee to the promisor, the part payment does not discharge the entire debt as according to Pinnel's Case (1602).
Therefore, Bright can sue for the remaining $500.
Thanks Mr Yeo:)
Hi Sir,
ReplyDeleteCan you provide the link again for the differences of company vs partnership vs sole proprietorship etc?
Thanks
Thks!
ReplyDeletethanks so much, for everything. really appreciated that.
ReplyDelete-paige.
Hi Mr Yeo,
ReplyDeleteRegrading the contradiction of Indefeasibility of title (pg 135 of textbook) and Section 121 of Transfers to defeat creditors (pg 280)
Question: where bankrupt transfers property to another, but the consideration for transfer does not go to the debtor but instead to a third party, s 120 121 will apply and make it void. So in the case of only fraudulent would defeat the indefeasible, how could the transfer be void?
-WillieOng
i am really sorry if you have gone through my question in class before. anyway, thanks for spending your precious time going the extra miles for us.
ReplyDeleteFirstly - the comments for Commercial Law - please post your questions there.
ReplyDeleteFor Willie - The concepts of indefeasibility of title concerns the torren system land registration whilst the issue of fraud in bankruptcy deals with the transfer of assets to defeat creditors - two totally different topics.
SK
Hi Mr Yeo,
ReplyDeleteWill you be posting any past year exam papers for us to practice on? thank you
hi bankrupt disabilities refer to what? the disadvantages? or what he's not allowed to do? then arent those referring to the effects?
ReplyDeleteplease advise. thanks.
belle.
Hi sir,
ReplyDeletewe are expecting u to post the old questions paper of law of investment.
thank u.
hope u will post it very soon since exam is getting very near
Dear Mr Yeo,
ReplyDeleteThank you so much for the effort to outline the topics. Would attempt to fill up between the lines and make sure that your effort wouldn't go to waste.
Best Regards,
Des
I hope I have answered all the questions here. Ihave posted some old papers. I know ther eis always the request for the answers too - butthat will just spoil all the fun.
ReplyDeleteHello,
ReplyDeleteyour very last point in summary, "priorities of debtors".
What does it refer to? Order of payment of debts?
Could it be priorities of creditors?
Or does "priorities of debtors" refer to page 266 of text?
ReplyDeletethat is a typo - it is a priorities of creditors - which I will amend - thanks for pointing it out.
ReplyDeletehey,
ReplyDeletei hope that maybe u could get back to be a full time lawyer instead of teaching,
not sure if its me or the way u teach...
why not make it a multiple choice paper?? will be a lot easier for me
ReplyDeletehi SK,
ReplyDeletecant find any other posts regarding managed investment schemes so i had to dig out an old one. s 601ED states:
A managed investment scheme does not have to be registered if all the issues of interests in the scheme that have been made would not have required the giving of a Product Disclosure Statement under Division 2 of Part 7.9 if the scheme had been registered when the issues were made.
and i didnt really get what it meant...so here's what i managed to summarise. would appreciate it if you could verify it: the RE doesnt need to register the MIS if the MIS doesnt require a PDS to be distributed to its investors. prob like in the case of vineyard scheme in tutorial 6, for which I am not really sure why they needed to be registered since the investors were all already sure about the scheme they're in. so 2nd question: is the registration in the case of vineyard scheme purely to protect new investors? cos it doesnt seem to me that the current investors needed a PDS to begin with.
thanks