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Business Law I Question Paper

Business Law I

Course:Bachelor Of Commerce

Institution: Kca University question papers

Exam Year:2010

UNIVERSITY EXAMINATIONS: 2009/2010
FIRST YEAR STAGE 2 EXAMINATION FOR THE DEGREE OF
BACHELOR OF COMMERCE
CFU 101 BUSINESS LAW I
DATE: APRIL 2010 TIME: 2 HOURS
INSTRUCTIONS: Answer Question ONE and Any other TWO Questions
QUESTION ONE
a) What are the essential features of a hire purchase contract? (6 Marks)
b) Explain the essential characteristics and types of endorsement of a bill of exchange (5 Marks)
c) Explain the characteristic features of misrepresentation of a contract (5 Marks)
d) What are the characteristics of a contract of guarantee (4 Marks)
e) The Kenyan Constitution is the supreme law of the land, comment on the above statement
(5 Marks)
f) Explain the advantages of incorporation (5 Marks)
QUESTION TWO
a) ‘Introduction of equity mitigated the shortcomings of the common law.’ In light of the
statement, explain equity and common law as sources of law in Kenya (12 Marks)
b) Write short explanatory notes on the Kadhis courts in Kenya (6 Marks)
c) Highlight four characteristics of delegated legislation (2 Marks)
QUESTION THREE
a) Leeds Traders sold a hair drier for a hire- purchase price of Kshs. 120,000 to Cindy who paid an initial price of Kshs 60,000. The rest of the amount was to be paid in four monthly instalments of Kshs. 15,000 each. Ten days after the due date of the last installment, indy received a notice from Leeds Traders stating that an agent would be sent to collect the hair drier from Cindy’s Beauty Parlour since she had defaulted in her payment. (10 Marks)
b) With help of decided cases, explain the concept of frustration of a contract (10 Marks)
QUESTION FOUR
a) There’s a cardinal principle in law that ‘no one can transfer a better title than he himself has’ explain
this principle, together with exceptions if any. (10 Marks)
b) Explain to what extent Customs are a source of law in Kenya. (10 Marks)
QUESTION FIVE
Explain the distinguishing features of;
i) Ratio decidendi from obiter dicta (4 Marks)
ii) Holder in due course from a holder for value (5 Marks)
iii) Contract of indemnity from contract of guarantee ( 5 Marks)
iv) An actual sale from an agreement to sell (6 Marks)

Business Law I Question Paper

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