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:2011
QUESTION ONE – (30 MARKS)
(a) What do you understand by the term business law? There are various factors which contribute to determine the content of law and the organs through which laws are created. Discuss clearly the sources of Kenyan law. (8 Marks) (b) Laws are usually made to regulate the mutual relations and conduct of its members, and are thus enforced to ensure that members of society may live and work together in an orderly and peaceful manner – giving relevant examples, discuss the various purposes and importance of business law in Kenya. (8 Marks) (c) Explain clearly the conditions and essentials that make any business contract binding and enforceable by a force of law. (8 Marks) (d) A wrote another letter revocation valid? Give reasons. (3 Marks) (e) volume on ancient armour for it. For this John was to receive a sum of Ksh20,000/= on completion of the work. When he had completed a part, but not the whole of his volume, James abandoned the publication. John sued James for recovery of the amount contracted for. What was the verdict? Give reasons for your answer. (3 Marks)
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QUESTION TWO – (20 MARKS)
(a) Explain the meaning and significance of: (i) Damnum sine injuria (5 Marks) (ii) Injuria sine damnum (5 Marks) (b) Certain contracts made by an infant are said to be decided cases or by examples. (10 Marks)
QUESTION THREE – (20 MARKS)
(a) Describe the general defenses which can be raised by the defendant in any action in tort. (12 Marks) (b) Explain the doctrine of part performance. (8 Marks)
QUESTION FOUR – (20 MARKS)
(a) Discuss the various ways in which an agency can be formed in creation of a legally binding relationship among individuals and business entities. (8 Marks) (b) Discuss the advantages of statutory law as opposed to other kinds of law. (4 Marks) (c) To what extent is an employer liable for torts committed by; (i) His servant (2 Marks) (ii) His independent contractor. (2 Marks) (d) Explain the vitiating elements in respect of a contract as used in business law. (4 Marks)
QUESTION FIVE – (20 MARKS)
(a) Describe the rights and duties of the partners among themselves. (10 Marks) (b) Distinguish between a contract for work and materials and contract of sale of goods. (10 Marks)
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