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Business Law I (Saturday Class) Question Paper

Business Law I (Saturday Class)

Course:Bachelor Of Commerce

Institution: Kca University question papers

Exam Year:2009

UNIVERSITY EXAMINATIONS: 2009/2010
FIRST YEAR STAGE 1 EXAMINATION FOR THE DEGREE OF
BACHELOR OF COMMERCE
CFU 101: BUSINESS LAW I (SATURDAY CLASS)
DATE: DECEMBER 2009 TIME: 2 HOURS
INSTRUCTIONS: Answer Question ONE and Any other TWO Questions
QUESTION ONE
a) What are rights of a guarantor under a contract of guarantee? (5 Marks)
b) Explain the distinguishing features between a private and a public company (7 Marks)
c) Explain the hirer’s right to terminate a contract of hire purchase (5 Marks)
d) Explain the difference between a bill of exchange and a cheque (5 Marks)
QUESTION TWO
a) Explain the principle of caveat emptor and its exceptions (10 Marks)
b) Explain the rules of delivery in a contract of sale of goods (6 Marks)
c) What are the characteristics of delegated legislation? (4 Marks)
QUESTION THREE
a) Rukia bought a radio from Sauti Enterprises at a hire purchase price of Kshs. 87,000.After
paying most of the installments as agreed, Rukia wants to pay the entire balance of the
remaining installments at once. Advice her on her legal position and rights if any with regard to
request for information and completion of the hire purchase. (6 Marks)
2
b) Lilly bought a lap-top from Santa Traders by an agreement in which Lilly was allowed to take
the machine into his possession and pay for it in instalments. Lilly has now defaulted in paying
three last instalments. Santa Traders have, after some investigation, been informed that Lilly is
only seventeen years old, a fact which had been overlooked by Santa Traders at the time of the
sale. Advice Santa traders accordingly (10 Marks)
c) What are the advantages of tribunals over courts? (4 Marks)
QUESTION FOUR
Explain;
a) The Composition and powers of the High court of Kenya (12 Marks)
b) Discharge of a contract by frustration (8 Marks)
QUESTION FIVE
Distinguish:
a) Fraud from misrepresentation (4 Marks)
b) Holder in due course from holder for value (4 Marks)
c) Ratio decidendi from obiter dicta (4 Marks)
d) Hire purchase from contract of sale (6 Marks)

Business Law I (Saturday Class) Question Paper

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