Buss 216:Business Law Ii Question Paper
Buss 216:Business Law Ii
Course:Business Administration
Institution: Kenya Methodist University question papers
Exam Year:2010
FACULTY : BUSINESS AND MANAGEMENT STUDIES
DEPARTMENT : BUSINESS ADMINISTRATION(SB)
TIME : 2 HOURS
INSTRUCTIONS Answer Question ONE (compulsory) and any Other TWO Questions.
Question 1
a)i. Define the term Memorandum of Association. (2 marks)
ii. Explain any 4 clauses of Memorandum of Association (4marks)
b) Outline any five advantages and disadvantages of incorporation. (10marks)
c) Who is a promoter in relation to the formation of a company? What are his fiduciary duties? (6marks)
d) Explain the consequences of an ultra vires transactions? (5marks)
e) What is perpetual succession? (5marks)
Question 2
a) State and explain two ways through which a person may cease to be a member of a company. (10marks)
b) Outline the Statutory rights that are conferred to members of a company. (10marks)
Question 3
Discuss FIVE types of capital which a company can raise by issue of shares. (20marks)
Question 4
a) Outline the main contents of Articles of Association. (10marks)
b) Explain the procedures to be followed in alteration of the articles of Association. (10marks)
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