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Business Law Ii Question Paper

Business Law Ii

Course:Bachelor Of Commerce

Institution: Kenyatta University question papers

Exam Year:2008

KENYATTA UNIVERSITY
UNIVERSITY EXAMINATIONS 2008/2009
FIRST SEMESTER EXAMINATION FOR THE DEGREE OF
BACHELOR OF COMMERCE

BBA 302: BUSINESS LAW II

DATE: Friday 28th November 2008__ TIME:8.00 a.m. – 10.00 a.m.
INSTRUCTIONS: Answer Question One and any other two.

Q1.
(a)
Write short notes on the following:

F.O.R

F.O.B

F.A.S

[9 marks]
(b)
Distinguish a partnership with a ltd company registered under company?s
Act Cap 486.

[8 marks]
(c)
Discuss the implied terms and conditions of partners in a partnership.

[13 marks]
Q2.
(a)
Miss A asked Mr. P a pharmacist to sell her some weight-reducing tablets.
He recommended „Vg? a new product he claimed would add vitality and
take off surplus weight at the same time. Miss A accordingly bought the
tablets and consumed in the manner prescribed but instead was gaining
weight. What remedy if any does she have against P?
[10 marks]
(b)
Briefly discuss the implied terms on the contract for sale of goods.
[10 marks]
Q3.
(a)
Relationship of agent and principle may arise through an agreement
between the parties or by operation of law. Discuss.
[10 marks]
(b)
What are the duties of the agent to the principal.

[10 marks]

1

Q4.
C Hausin and M Sigwadi, are two directors of ABC fresh fruit ltd, are instructed
by the company to draw a cheque on its behalf on Elite Bank in favour of Felicca
Tyla or order. Dan the clerk of the company steals the cheque, endorses it to
himself and transfers it to Eric who receives it in good faith and for value. Eric
then deposits the cheque with his bank; Quick Bank which then collects payment
from Elite Bank which debits ABC?s account. Advice ABC ltd on the liabilities
of
i)
Dan the clerk
ii)
Eric
iii)
Elite Bank
iv)
Quick bank

[20 marks]

Q5.
Contract of insurance are contracts of “uberimae fidei” (utmost good faith).
Discuss.

[20 marks]

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Business Law Ii Question Paper

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