Hbc2243:Business Law Question Paper
Hbc2243:Business Law
Course:Bachelor Of Commerce
Institution: Meru University Of Science And Technology question papers
Exam Year:2014
MERU UNIVERSITY OF SCIENCE AND TECHNOLOGY
University Examinations 2012/2013
THIRD YEAR, SECOND SEMESTER EXAMINATION FOR BACHELOR OF COMMERCE
HBC 2243: BUSINESS LAW II
QUESTION ONE (30 MARKS)
(a) Tops Ltd, manufacturers and distributors of top mineral water was contracted by BCG ltd for the supply of 2000 bottles of 500ml on or before 4th October 2013. BCG Ltd were to use the water for a trip to Mombasa to ferry staff of Vision Kesho an international NGO for their end of year party. Vision Kesho had contracted BCG Ltd for the supply of 20 luxury buses. BCG ltd paid half of the contract price of Shs 250,000.00 to Tops ltd. On 3rd October 2013 at around 8:00 pm Tops Ltd informed BCG Ltd of their inability to deliver the mineral water as contracted. BCG ltd have come to you as the person in charge of procurement to advice them on what they should claim from Tops Ltd. Advice them. (15 marks)
(b) How does a hire purchase agreement differ from a credit sale. (6 marks)
(c) Distinguish between an indemnor and an indemnee. (4 marks)
(d) Distinguish between insurance and assurance as used in insurance contract. (5 marks)
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QUESTION TWO (20 MARKS)
(a) Distinguish between a contract of guarantee and a contract of indemnity. (8 marks) (b) Explain in details the duties of both the owner and the hirer in a hire purchase agreement. (12 marks)
QUESTION THREE (20 MARKS)
(a) Discuss the various ways in which an insurance contract may be brought to an end. (10 marks) (b) Discuss the circumstances under which a contract of partnership may be discharged by the operation of law. (10 marks)
QUESTION FOUR (20 MARKS)
(a) Distinguish with examples, the difference between a condition and a warranty as used in the contract of sale of goods. (8 marks)
(b) What do you understand by the term illegal partnerships? (4 marks)
(c) Describe the remedies available for buyer against a seller in sale of goods.(8 marks)
QUESTION FIVE (20 MARKS)
(a) Explain how a guarantor may be discharged from his obligations under a contract of guarantee. (12 marks)
(b) Discuss any four (4) disabilities of undischarged bankruptcy. (8 marks)
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