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Business Law 1 Question Paper

Business Law 1

Course:Diploma In Business Management

Institution: Kca University question papers

Exam Year:2009

UNIVERSITY EXAMINATIONS: 2008/2009
STAGE 2 EXAMINATION FOR DIPLOMA IN BUSINESS MANAGEMENT
DFU 101: BUSINESS LAW I
DATE: APRIL 2009
TIME: 11/2HOURS

INSTRUCTIONS: Answer any THREE questions

QUESTION ONE
a) Explain the functions of law in business. (5 Marks)
b) What are the essentials of a hire purchase contract? (5 Marks)
c) Explain rules regarding a minor’s capacity to contract (5 Marks)
d) explain ways by which a guarantor is discharged from a contract of guarantee (5 Marks)

QUESTION TWO
Julie bought a television set from Mercury Traders at a price of Kshs. 120,000. She took the television
set into he possession only to be informed by Juanita on the scheduled day for payment of the second
installment (being the total balance price), that the said television set indeed belongs to Juma, that
Mercury traders were dealers in stolen goods and had facilitated the stealing of the television set which had been in turn sold off to Julie at a throw-away price.
Advice Julie on her legal position and rights of the parties to the said contract of sale.
(20 Marks)

QUESTION THREE
(a) Judicial precedents are an important source of law in Kenya, Substantiate the above statement
(12 Marks)
(b) With help of relevant case law, Explain how a contract is discharged ( 8 Marks)

QUESTION FOUR
Write short notes on
a) the doctrine of caveat emptor (6 Marks)
b) To what extent Customs are a source of law in Kenya (10 Marks)
c) Voluntary dissolution of a partnership (4 Marks)

QUESTION FIVE
Distinguish between:
a) coercion and undue influence ( 3 Marks)
b) guarantee and indemnity (5 Marks)
c) Sale and agreement to sell (7 Marks)
d) Legal rules and moral rules (5 Marks)

Business Law 1 Question Paper

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