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

Cfu 101: Bussiness Law I Question Paper

Cfu 101: Bussiness Law I

Course:Bachelor Of Commerce

Institution: Kca University question papers

Exam Year:2009

1
UNIVERSITY EXAMINATIONS: 2008/2009
FIRST YEAR STAGE 1 EXAMINATION FOR THE DEGREE OF
BACHELOR OF COMMERCE
CFU 101: BUSSINESS LAW I (SATURDAY CLASS)
DATE: APRIL 2009 TIME: 2 HOURS
INSTRUCTIONS: Answer question ONE and any other TWO questions
QUESTION ONE
a) The Kenyan Constitution is the supreme law of the land, comment on the statement
(5 Marks)
b) Explain The consequences of incorporation (5 Marks)
c) Write short notes on: revocation of an offer (4 Marks)
d) Discharge of a bill of exchange (3 Marks)
e) The objective of the law of bankruptcy is not only to enable the debtor make a fresh start but
also for the benefit of the community as a whole. Explain (5 Marks)
e) Distinguish: Law from Morality (4 Marks)
Hire Purchase from credit sale (4 Marks)
QUESTION TWO
Merc bought a refrigerator from Mumbo Traders on hire purchase at a price of Kshs. 86,000. He
subsequently sold the same refrigerator to Salim who has now been informed by his wife that a
representative of Mumbo traders earlier on in the day had visited their home with the intention of
repossessing the refrigerator due to the reason that Merc had defaulted in paying the last 4
installments of Kshs 15,000 each.
2
Advice Salim on the nature of a hire purchase contract and the rights the parties to such a
contract with special reference to the rights of Mumbo traders in regard to repossession of the
refrigerator. (20 Marks)
QUESTION THREE
a) Various statements and stipulations do constitute vital part of a sale of goods contract, breach
of which gives the parties to the contract certain rights. Explain (12 Marks)
b) Explain the capacity of a minor to contract and the extent of his liability in a partnership
business contract (8 Marks)
QUESTION FOUR
a) Explain the recognition and application of African Customary law as a source of law in Kenya,
citing it’s weaknesses, if any (10 Marks)
b) Explain the concept of frustration of contracts and it’s consequences. (10 Marks)
QUESTION FIVE
Write short explanatory notes on:
a) Seller’s right of lien (5 Marks)
b) Characteristics of a contract of guarantee (4 Marks)
c) Crossing of cheques ( 6 Marks)
d) Ratio decidendi and obiter dicta (5 Marks)

Cfu 101: Bussiness Law I Question Paper

More Question Papers

Popular Exams