Buss 216:Business Law Ii Question Paper
Buss 216:Business Law Ii
Course:Business Administration
Institution: Kenya Methodist University question papers
Exam Year:2011
SCHOOL : SCHOOL OF BUSINESS AND ECONOMICS
DEPARTMENT : BUSINESS ADMINISTRATION(SB)
TIME : 2 HOURS
INSTRUCTIONS Answer Question ONE and any other TWO Questions Cite relevant case law or/and give practical examples
Question 1
a) Outline the differences between Memorandum of Associations and Articles of Association. (10marks)
b) Discuss in detail the Indoor Management Doctrine. (10marks)
c) Majority of shareholders have their say in company matters. In reference to the rule in Foss V. Harbottle, discuss the meaning of the statement setting out the importance of the rule and its exceptions. (10marks)
Question 2
a) Under what circumstances may a person not be director of a company? (8marks)
b) State and briefly explain the characteristics of a public limited company, limited by shares. (8marks)
c) What is a share, and what are the consequences of being a shareholder? (4marks)
Question 3
a) In relation to pre-incorporation contracts, advise Mary, a promoter who entered in contracts on behalf of KSML Co. LTD. with Hellen before the company was incorporated and is now been sued by Hellen for non-payment. (8marks)
b) Explain the meaning and scope of the Golden Rule of framing the prospectus. (6marks)
c) Outline the differences between private company and public limited company. (6marks)
Question 4
Write detailed explanatory notes on the following: (20marks)
a) The Rule in Re: German Date Coffee (1882).
b) Types of voluntary winding up of a company.
c) Contributories and their liabilities.
d) The duties of chairman of a company meeting.
Question 5
a) What is a resolution? And outline the various types of resolutions that a company may pass in its meetings. (10marks)
b) Outline the main contents of a statutory report. (6marks)
c) What are the powers of company members? (4marks)
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