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Hbc2243:Business Law Question Paper

Hbc2243:Business Law

Course:Bachelor Of Commerce

Institution: Meru University Of Science And Technology question papers

Exam Year:2012

QUESTION ONE (30 MARKS)
a. Discuss the rules determining the existence of a partnership (8 Marks) b. Discuss with examples transactions that look similar to the sale of goods contract but are not a sale of gods contract (10 Marks) c. State and explain the circumstances under which a court can dissolve a partnership (6 Marks) d. Explain the rules relating to transfer of property in goods from the seller to the buyer under a contract of sale of goods (6 Marks)
QUESTION TWO (20 MARKS)
a. Discuss the purpose and requirements of making of hire purchase agreement (10 Marks) b. Explain briefly the statutory requirements as to the making of contract of guarantee relating to commercial securities. (10 Marks)
QUESTION THREE (20 MARKS)
a. contract of insurance is a contract of the “utmost od faith”. iscuss this statement. (10 Marks) b. State and explain the duties of both the owner and the hirer in a hire purchase agreement (10 Marks)
QUESTION FOUR (20 MARKS)
a. In relation to contracts of insurance distinguish between:
2
i. Subrogation and doctrine of contribution (12 Marks) b. Distinguish between a condition and a warranty (8 Marks)
QUESTION FIVE (20 MARKS)
a. Discuss the various ways in which an insurance contract may be discharged (12 Marks) b. Explain the meaning of the doctrine of a caveat emptor and outline four exceptions to this doctrine (8 Marks)

Hbc2243:Business Law Question Paper

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