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Business Law 2 Question Paper

Business Law 2

Course:Bachelor Of Commerce

Institution: Kenyatta University question papers

Exam Year:2009

KENYATTA UNIVERSITY
UNIVERSITY EXAMINATIONS 2008/2009
SECOND SEMESTER EXAMINATION FOR THE DEGREE OF BACHELOR OF
COMMERCE
BBA 302: BUSINESS LAW II
DATE: MONDAY, 17TI-IAUGUST 2009
TIME: 11.00 A.M. -1.00 P.M.
INSTRUCTIONS:
Answer question 1 and any other two questions.

I.
a)
Define a contract and explain fully the essentials ofa valid contract. (10 marks)
b)
What is the difference between a bill of exchange and a cheque. (10 marks)
c)
Write the short notes distinguishing FOR, FOB and FAS (10 marks)

2.
Define partnership and discuss distinctions between partnership and a limited company under Kenya law. (20 marks)

3.
An agent is a person employed expressly or impartially to do act for another called principal or to represent the principal with a third person. Briefly discuss ways in which such agent may arise and state the rights of an agent against his principal. (20 marks)

4.
Contracts of Insurance are contracts of 'Uberimae fides' Discuss. (20 marks)

5.
a)
Explain 'consideration' in the law of contract describing the main roles that apply to the doctrine of consideration. (10 marks)
b)
State the main implied conditions and warranties in the sale of goods.
(10 marks)