Get premium membership and access revision papers, questions with answers as well as video lessons.

Business Law 1 Question Paper

Business Law 1

Course:Diploma In Business Management

Institution: Kca University question papers

Exam Year:2010

UNIVERSITY EXAMINATIONS: 2009/2010
STAGE II EXAMINATION FOR DIPLOMA IN BUSINESS MANAGEMENT
DFU 101: BUSINESS LAW 1
DATE: APRIL 2010 TIME: 1½ HOURS
INSTRUCTIONS: Answer any THREE questions
Question One
a) Define the term “law” and state the main purpose of law in a society (6 Marks)
b) Explain the meaning of the term “delegated legislation “and state its advantages (6 Marks)
c) Discuss to what extent the African customary law will be considered as a source of law.
(8 Marks)
Question Two
a) Discuss the terms which are implied in any hire purchase agreement. (10 Marks)
b) Distinguish between “sale” and “agreement to sell”. ( 5 Marks)
c) Highlight a guarantor’s rights against the debtor under the law of guarantee (5 Marks)
Question Three
a) Explain the meaning of the doctrine of privity of contract and the exceptions to this doctrine
( 8 Marks)
b) Outline the methods in which a contract may be discharged ( 6 Marks)
c) Janice offered to sell her house to a Alex for Sh 2million. Alex wrote a letter to her offering to
buy the house at Sh1.5 million. Janice did not respond to Alex letter and went ahead to sell the
house to Paul. Alex intends to institute legal proceedings for breach of contract and has come
to you for legal advice.
Advise him (6 Marks)
2
Question Four
a) Once a company is incorporated it becomes a separate legal entity with rights and obligations
different from those of its members. Discuss the consequences of this separation. (10 Marks)
b) State the circumstances when a partnership can be dissolved without a court order. (10 Marks)
Question Five
a) Discuss the parties to a bill of exchange. (5 Marks)
b) State the difference between a cheque and other bills of exchange. ( 5 Marks)
c) State the circumstances under which a debtor can commit an act of bankruptcy (10 Marks)

Business Law 1 Question Paper

More Question Papers

Popular Exams