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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) Define the term law. (2 Marks) b) Explain the main points of differences between criminal law and civil law (8 Marks) c) BAT(K) Ltd offered by way of reward of Kshs100,000 to anyone who contracted influenza after using one of their newly introduced cigarettes as prescribe. The offer stated that they had lodged Ksh10,000,000/= with National bank of Kenya to show their sincerity in this matter. John used the cigarettes as prescribed but that notwithstanding, she contracted influenza. He claimed the reward of Ksh100,000/=. BAT(K) Ltd refused to pay. Can he succeed? Give reasons for your answer. (8 Marks) d) With your deep understanding of the rules and application of lawful contracts, explain the various ways in which a contract is discharged. (6 Marks) e) Summarize the main advantages of legislation as a source of law. (6 Marks)
QUESTION TWO (20 MARKS)
a) Equity was developed as a result of the defects of common law. Explain any four defects of common law. (10 Marks) b) Explain any five characteristics of a negotiable instrument. (10 Marks)
QUESTION THREE (20 MARKS)
a) Describe the rights and duties of the agent. (10 Marks) b) (i) Define a contract of sale of goods. (3 Marks) (ii) Distinguish between sale and agreement to sell. (7 Marks)
QUESTION FOUR (20 MARKS)
a) Explain any four limitations under which African customary law cannot be applied. (8 Marks) b) Discuss, citing examples, how a contract may be terminated. (12 Marks)
QUESTION FIVE (20 MARKS)
a) Write short notes on the following:- (i) Doctrine of Equity (5 Marks) (ii) Liquidated damages. (5 Marks) (iii) Contracts uberrimai fidei (5 Marks) (iv) (5 Marks)

Hbc2112;Business Law I Question Paper

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