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Business Law I (Buss 212) Question Paper

Business Law I (Buss 212)

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2013

TIME: 2 HOURS

INSTRUCTIONS
Answer question one and any other two questions.

Question One
Brian who of buying a car from Ali at Ksh.600,000 gives Ali a note clearly marked " I acknowledge owing you Ksh.600,000." On the basis of this note Ali transfers the car to Brain unfortunately Brian has now taken more than one year without paying a single cent to Ali. Brian is of the view that the note he gave to Ali is a negotiable instrument but Ali is of a contrary view.
Give your opinion noting to explain at least four distinct features of a negotiable instrument. (10 Marks)

"Without the law of contract there is no business law." Explain how the law of contract facilitates business transactions noting to give appropriate examples in support of you answer.
(10 Marks)

"The constitution of Kenya 2010 is not only the supreme law of the land but also the supreme source of the Kenya law." Explain this statement noting to support your answer with at least four other main sources of law in Kenya.
(10 Marks)

Question Two
Using appropriate examples list and explain five distinct features of law.
(10 Marks)

Using appropriate examples, write short notes on the doctrines of part performance and privity of contract.
(10 Marks)

Question Three
Compare and contrast a general partnership and a limited liability partnership.
(10 Marks)

Compare and contrast a sale of goods transaction and a hire purchase transaction.
(10 Marks)

Question Four
List and explain with appropriate examples five types of agents.
(10 Marks)

Identify and explain four types of goods in the law of sale of goods noting to use appropriate examples in support of your answer.
(10 Marks)

Question Five
"The law of arbitration has provided the cure for business disputes." Do you agree? Give your reasons.
(10 Marks)

Explain five ways in which an agency relationship can be dissolved.
(10 Marks)

Business Law I (Buss 212) Question Paper

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