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Commercial Law Question Paper

Commercial Law

Course:Bachelor Of Commerce

Institution: Kenyatta University question papers

Exam Year:2009

KENYATTA UNIVERSITY
UNIVERSITY EXAMINATIONS 2009/2010
FIRST SEMESTER EXAMINATION FOR THE DEGREE OF BACHELOR OF
COMMERCE

BBA 415:
COMMERCIAL LAW

DATE: Monday, 21st December, 2009

TIME: 4.30 – 6.30
------------------------------------------------------------------------------------------------------------
INSTRUCTIONS:
Answer FOUR questions.
Question ONE is Compulsory.
Q.1
a)
Explain the terms:-

i)
Guarantee

(5 marks)

ii)
Indemnity

(5 marks)
iii)
Bailment
(5
marks)

b)
“The liability of a surety is secondary, it is co-existence with that of the
principal debtor.” Explain the above.

(.05 marks)

c)
Explain the duties of common
carrier. (10
marks)

Q.2
Discuss the rights of a surety against
a)
Creditor
b)
Principal debtor
c)
Co-sureties
(15 marks)
Page 1 of 2

Q.3
Explain the following as you discuss their role in business:-
i)
Mortgage
ii)
Pledge
(15 marks)

Q.4
“The position of a finder of goods is exactly that of a bailee in the case of a
deposit.” Comment on the above statement

(15 marks)

Q.5
Explain the term ‘lien’ and discuss its essential elements.
(15 marks)
Page 2 of 2