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Dba 301: Business Law 1 Question Paper

Dba 301: Business Law 1

Course:Bachelor Of Commerce

Institution: South Eastern Kenya University question papers

Exam Year:2014

(a)An agreement is not a contract,but a contract is an agreement.Discuss.(6mks)
(b)Discuss the meaning and impilcations of the ultravires doctrine in the contractual capacity of companies.(4mks)
(c)Outline three circumstances under which one is said to have breached a contract.(3mks)
(d)Distinguish between innocent and fraudulent misrepresentation. A by representing himself as a well known millionaire obtains goods on credit from B and then sells for cash to C.Explain the remedies B may have against A and C.(5mks)
(e)Kamau writes to Gitau offering to sell his farm for Ksh 50,000.Gitau accepts Kamau''s offer subject to the price being reduced to Ksh. 45,000.Kamau is not willing to sell the farm for Ksh. 45,000.Gitau writes to Kamau offering to buy the farm for Ksh. 50,000. Kamau refuses to sell.Explain the legal position.(5mks)
(f)Discuss the main sources of law in Kenya.(7mks)

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