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Buss 212:Business Law Question Paper

Buss 212:Business Law

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2011

SCHOOL : SCHOOL OF BUSINESS AND ECONOMICS

DEPARTMENT : BUSINESS ADMINISTRATION

TIME : 2 HOURS

INSTRUCTIONS Answer Question ONE (compulsory) in Section A and any Other TWO Questions in Section B

SECTION A

Question 1

a) With the aid of a flow chart give a brief description of the hierarchy of the courts in Kenya. (20marks)

b) Explain five types of alternative dispute resolution mechanisms. (10marks)

SECTION B

Question 2

a) Define a contract (4marks)

b) State and explain the essentials of a valid contract. (16marks)

Question 3

a) Define an agent. (4marks)

b) Explain the four ways in which an agency relationship may be created and give one example in each instance. (16marks)

Question 4

Write short notes on the following in the context of the law of contract. (20marks)

i) Acceptance of offer in auction sales

ii) Doctrine of part performance

iii) Invitation to treat

iv) A condition as a term of contract

v) Capacity of minor to enter into a contract.

Question 5

a) Explain the rights of an unpaid seller in a contract for the sale of goods. (10marks)

b) Explain the remedies of a buyer of goods against the seller in a contract for the sale of goods. (10marks)

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