Hbc2112;Business Law I Question Paper
Hbc2112;Business Law I
Course:Bachelor Of Commerce
Institution: Meru University Of Science And Technology question papers
Exam Year:2012
QUESTION ONE (30 MARKS)
(a) Mr. Mwiti a resident of Maua was travelling from Nairobi to Maua. On reaching to overtake a lorry ahead, rammed into an oncoming trailer causing severe injury to Mr. Mwiti. He was later admitted at the Meru General Hospital. The family of Mr. Mwiti spent more than shs. 500,000 as medical expenses and now Mr. Mwiti has been released from hospital and has instructed his advocate bus.
As the General Manager of Meru star Ltd, your input has been sought for by the managing director with regard to the demand letter. Remember police officers from Nchiru police station blamed and charged your driver one Mr. Safari for reckless driving.
Required:
Advise the board of directors on the type of tort involved in the case and the best possible way to deal with it. (15 Marks)
(b) What are vitiating elements in a contract? Discuss any three ( 9 Marks) (c) Briefly explain three ways in which the constitution of Kenya is a source of Law? ( 6 Mark)
QUESTON TWO ( 20 MARKS)
(a) Explain any FIVE defects that were inherent in common law and suggest for each them a maxim of equity that was developed to remedy the defect. ( 15 Marks) (b) Outline any FIVE instances of invitation to treat. ( 5 Marks)
2
QUESTION THREE ( 20 MARKS)
(a) Explain FOUR ways in which an agency relationship can be brought to an end by the operations of the law. ( 12 Marks) (b) Briefly discuss any TWO types of negotiable instruments. ( 8 Marks)
QUESTION FOUR (20 MARKS)
Write short notes on the following:
(i) Insane and Drunken persons ( 5 Marks) (ii) Void and voidable contracts ( 5 Marks) (iii) Offer and invitation to treat ( 5 Marks) (iv) Slander and libel ( 5 Marks)
QUESTION FIVE ( 20 MARKS)
(a) State and explain FIVE ways in which a contract can be terminated. ( 15 Marks) (b) Outline any FIVE characteristics of negotiable instruments. ( 5 Marks)
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