Business Law I Question Paper
Business Law I
Course:Bachelor Of Commerce
Institution: Kca University question papers
Exam Year:2010
UNIVERSITY EXAMINATIONS: 2009/2010
FIRST YEAR EXAMINATION FOR THE DEGREE OF BACHELOR OF
COMMERCE
CFU 101: BUSINESS LAW I (SATURDAY)
DATE: AUGUST 2010 TIME: 2 HOURS
INSTRUCTIONS: Answer question ONE and any other TWO questions
QUESTION ONE
a) Write short notes on the court martial (6 Marks)
b) Explain the rules with regard to intention to contract (6 Marks)
c) In relation to the law of persons outline six consequences of incorporation. (6 Marks)
d) Under what circumstances is a judicial precedent not binding on a Judge? (6 Marks)
e) What are the essential elements of a valid acceptance of a bill of exchange? (6 Marks)
QUESTION TWO
a) Explain the rules with regard to when property passes from the seller to the buyer (6 Marks)
b) Explain the terms of a contract of hire purchase (12 Marks)
c) What is the significance of bills of exchange? (2 Marks)
QUESTION THREE
a) Mike bought a coffee-maker from Dreamy Enterprises at a hire purchase price of Kshs.
50,000.After paying most of the installments as agreed, Mike wants to pay the entire balance of
the remaining installments at once. Advice him on his legal position and rights if any with
regard to request for information and completion of the hire purchase. (6 Marks)
2
b) Explain the characteristics of a contract of guarantee (4 Marks)
c) i) Explain the meaning of privity of a contract. (4 Marks)
ii) Outline the exceptions to the doctrine of privity of a contract. (6 Marks)
QUESTION FOUR
a) In law, there’s a cardinal principle that no one can transfer a better title than he himself has,
Discuss the statement with exceptions if any (10 Marks)
(b) Explain the concept of frustration of contracts and it’s consequences. (10 Marks)
QUESTION FIVE
Write short notes on
a) the doctrine of caveat emptor (10 Marks)
b) Law and morality (5 Marks)
c) Procedural and substantive law (5 Marks)
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