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Bba 302:Business Law 2 Question Paper

Bba 302:Business Law 2

Course:Bachelor Of Commerce

Institution: Kenyatta University question papers

Exam Year:2011

INSTRUCTIONS:ANSWER QUESTION ONE AND ANY OTHER TWO QUESTIONS

1.The general principle is that property in goods pass in accordance with the intention of the parties to the sale of goods contract.However,where this intention has not been manifested certain rules apply.
(a)Discuss this rules (15marks)

(b)Distinguish between a sale and an agreement to sell (5marks)

(c)What is the significance of passing of property in goods in a sale agreement. (10marks)

2.Contracts of insurance are described as contracts of uberimae fides.Discuss (20makrs)

3.Parties to a contract in partnership are free to determine the terms that regulate the partnership.However,in the event that they do not,the section 28 of the partnership will apply.Discuss (20marks)

4. (a)What are the duties of an agent to a principal? (10marks)

(b)Discuss the remedies available to the principal if an agent acts in breach of his duties. (10marks)

5. (a)Define a bill of exchange (5marks)

(b)What are the rights of a holder in due course? (15marks)

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