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Business Law I (Dpba 017) Question Paper

Business Law I (Dpba 017)

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2010

TIME : 2 HOURS
INSTRUCTIONS Answer Question ONE (compulsory and any Other TWO Questions

Question 1
a) Define the term ‘law’. What are the main features of ‘law’ (6marks)
b) Write shorts note on the following:
i) Procedural and substantive law (4marks)
ii) Civil and criminal law (4marks)
c) What do you understand by the term ‘source of law’? (2marks)
d) It has been argued that subsidiary legislation is one of the sources of law in Kenya. What are the main reasons which necessitate for delegated legislation? (8marks)
e) How does a hire purchase agreement differ from:
i) A credit sale agreement
ii) Conditional sale agreement? (6marks)

Question 2
a) Define the term contract and outline the essentials of a valid contract (8marks)
b) Distinguish between valid, void and voidable contracts (6marks)
c) How may a contract be discharged in Kenya law? (6marks)

Question 3
a) Define a contract of sale of goods. Distinguish between sale and agreement to sale (6marks)
b) When is a seller of goods deemed to be unpaid seller? Outline his rights against
i) The goods
ii) The buyer. (8marks)
c) How may a contract be discharged in Kenya law? (6marks)

Question 4
a) Define the following terms:
i) Agent
ii) Principal (2marks)
b) State and discuss four ways in which an agency relationship may be created. (8marks)
c) Explain how an agency may be terminated:
i) By act of parties
ii) By operation of law (10marks)

Question 5
a) What is meant by a ‘negotiable instrument’? (2marks)
b) What are the main characteristic of Negotiable instruments (8marks)
c) Define the term partnership. What are the main distinction between partnership and a limited company under Kenya law? (10marks)

Business Law I (Dpba 017) Question Paper

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