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Buss 013:Business Law Question Paper

Buss 013:Business Law

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2013

KENYA METHODIST UNIVERSITY

END OF 3RDTRIMESTER 2013 (EVENING) EXAMINATION
SCHOOL : BUSINESS AND ECONOMICS
DEPARTMENT : BUSINESS ADMINISTRATION
UNIT CODE : BUSS 013
UNIT TITLE : BUSINESS LAW

TIME: 2 HOURS

INSTRUCTIONS

Answer question One and any other two questions

Question One

Elaborate the different sources of the Kenyan law, highlighting examples under each source.

(16 marks)

Explain the following in short notes

Breach of contract

(3 Marks)

Equitable remedies under law

(3 Marks)

Moral and civil wrong

(3 Marks)

Damages

(2 marks)

Injunction

(3 marks)

Question Two

Explain the different elements/clauses of a partnership deed.

(10 Marks)

Discuss the persons who do not have an absolute right to contract under the law.

(10 marks)

Question Three

Outline at least four rights of unpaid seller against the goods.

(6 marks)

Highlight the different methods by which an agency is terminated. (8 Marks)

Briefly state the various rights and duties of an agent

(6 Marks)

Question Four

Explain the different modes by which a partnership form of business can be terminated/dissolved

(14 Marks)

Explain the major differences between sale and an agreement to sell.

(6 marks)

Question Five

Explain at least five characteristics of negotiable instrument.

(10 marks)

Explain the following terms under the law of succession

Testate succession

(5 marks)

Intestate succession

(5 marks)

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