Diploma In Marketing Law Past Paper Question Paper
Diploma In Marketing Law Past Paper
Course:Diploma In Marketing (Marketing)
Institution: Machakos University question papers
Exam Year:2009
Time: 2 Hours
Instructions:-
(i) Answer any four questions
(ii)All questions carry equal marks
1.Susan, Mabel and Doris wish to carry on business as caterers. They all intend to take part in the management of the business but would like to avoid personal liability for its debts.They anxious that the affairs of the business and the arrangements between themselves should be kept secret as far as possible and would like to be able to transfer their respective interests in the business without difficulty.
Question
Disregarding tax considerations, advise them whether it would be better for them to form a company limited by shares or a partnership and state the advantages and disadvantages of each.(20 Marks)
2.(a) Explain the meaning of corporate personality.(8 Marks)
(b) Give some examples when the veil of corporation can be lifted, basing argument on case law and statutory provision.(12 Marks)
3.(a) In Kenya companies differ tremendously, the law recognizes them as entities.
Highlight the major differences between private company and public company.(12 Marks)
(b) Write short notes on:-
(i) Chartered company (2 Marks)
(ii)Statutory company (3 Marks)
(iii) Registered company (3 Marks)
4.(a) What do you understand by the term law? 2 Marks)
(b) Highlight and Explain in brief the major sources of law in Kenya.(18 Marks)
5.The rule of law has to be followed by all "said the Attorney General"
(a) What is the purpose of law in any country? (8 Marks)
(b) Differentiate between public law and private law. (3 Marks)
(c) Civil and criminal law.(3 Marks)
(d) Administrative and constitutional law (3 marks)
(e) Common law and case law. (3 Marks)
6.In sale of goods Act (Cap 31) 1962 laws of Kenya, transfer of title to the goods follows the maxim-no one can give what he has not-Nemo dat quad non habet).Discuss exceptions to this rule citing relevant decided cases.(20 Marks)
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