Business Law 2 Question Paper

Business Law 2

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 302: BUSINESS LAW II
DATE: Thursday 24th December, 2009 TIME: 4.30 p.m. – 6.30 p.m.
INSTRUCTIONS
Answer QUESTION ONE and any other TWO.
1. a) Distinguish between companies and partnerships while pointing out the
advantages of each as a medium of business. [15 marks]
b) Ali insured his motor vehicle comprehensively with Bidii Insurance
Company for Ksh.500,000, she also insured it with Cali Insurance
Company for Ksh.500,000.
Infact the value of the car was Ksh.300,000.
On 26th February, 2005, the vehicle was involved in a road accident where
it was seriously damaged. Police report indicates that Daudi the owner of
the other car involved in the accident was indeed to blame.
Since then it has emerged that the contract for the purchase of the vehicle
between Ali and the previous owner Joe was infact defective. Advice Ali
on any possible claim against Bidii Insurance Company.
[15 marks]
2. ‘Agency may be defined on the basis of power-liability relationship between the
principal and Agent. This analysis focuses on the agent’s power to alter the
principal’s legal relations with 3rd parties.
Fridman G.H.C., the law of Agency.
Critically examine this statement. [20 marks]
Page 2 of 2
3. a) Differentiate between ‘a condition’ and ‘a warranty’ as set out in the Sale
of Goods Act. [10 marks]
b) Discuss the various rules in regard to passing of property in goods in a
contract of sale. [10 marks]
4. a) The role that a seller of goods cannot pass a better title than he himself has
can only be understood in the context of applicable exceptions. Discuss.
[15 marks]
b) Briefly explain the role of ‘Caveat emptor’ [5 marks]

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