r/SQE1_study

what are everyone’s best golden rules for SQE1 questions? Like those key principles to look out for that can help you answer a question correctly. like for example i always try to remember that under the CPA everyone in the supply chain can potentially be liable and look for answers that fit it.

I think having a small thread may help other people go straight (or even reduce) to the correct answer. Might help people spot common exam traps

Hi so I am sitting SQE 1 in 2 weeks and my mock scores are still only ranging between 44-51% I am feeling so awful and stressed, I have done loads of mocks from different providers but I am stuck between these scores. I was wondering if there is anyone else in the same position as me? I keep seeing people on reddit scoring 70+ which makes me even more worried. Also is there anyone who experienced the same thing but still passed?

For those of you who are working full time - how many hours a week do you spend studying, when did you start doing this and when are you sitting the exams?

I’m studying for SQE1 part time while working full time, and I don’t seem to be retaining much of the content. I understand it when I’m going through it, but feel like I’ve forgotten it all by the next week.

I’m worried I’ll get to the end of my course, and then have no time to actually ‘revise’ and consolidate before the exam, so I want to make sure I’m retaining as much as possible as I go through the content for the first time.

Does anyone have any tips on how to actually make the content ‘stick’? At the moment I just read the content, make brief notes and then do my provider’s practice questions.

Could also do with tips on where to find more practice Q’s! I like the Ulaw style ones but am with a different provider so only have access to the three at the end of each textbook chapter (as I bought the books).

Horizon Innovations Ltd, a company specialising in bespoke software development, has been experiencing severe financial difficulties for the past 18 months. The directors, Sarah and Mark, continued to trade despite knowing that the company was insolvent and that there was no reasonable prospect of avoiding liquidation. During this period, they prioritised payments to a key supplier, 'Tech Solutions Plc', which is owned by Sarah's brother, for goods supplied on normal commercial terms. These payments amounted to £50,000 and were made three months before Horizon Innovations Ltd entered compulsory liquidation. The company also sold a valuable patent, its primary intellectual property asset, to a newly formed company owned by Mark's wife for £10,000, when its market value was independently assessed at £100,000. This sale occurred six months before liquidation. The liquidator is now investigating potential claims against the directors and transactions. Horizon Innovations Ltd has unsecured creditors totalling £500,000 and a bank with a valid floating charge over all assets for £200,000, which crystallised upon liquidation. The company's remaining assets are valued at £150,000.

AThe payment to Tech Solutions Plc is a preference, and the sale of the patent is a transaction at undervalue, both of which can be challenged by the liquidator. Sarah and Mark may also be liable for wrongful trading.

BThe payment to Tech Solutions Plc is not a preference as it was for goods supplied on normal commercial terms. However, the sale of the patent is a transaction at undervalue, and Sarah and Mark are liable for wrongful trading.

CThe payment to Tech Solutions Plc is a preference due to the connected party relationship, and the sale of the patent is a transaction at undervalue. Sarah and Mark may also be liable for wrongful trading.

DNeither the payment to Tech Solutions Plc nor the sale of the patent can be challenged, as the payments were for normal commercial terms and the patent sale was completed more than three months before liquidation. Sarah and Mark are not liable for wrongful trading as they did not act fraudulently.

EThe payment to Tech Solutions Plc is a preference, but the sale of the patent is not a transaction at undervalue because it was made to a third party. Sarah and Mark are only liable for fraudulent trading if they intended to defraud creditors.

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