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Busso13:Business Law Question Paper

Busso13:Business Law

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2013

KENYA METHODIST UNIVERSITY

END OF 2''ND ''TRIMESTER 2013 (DAY) EXAMINATION
SCHOOL : BUSINESS AND ECONOMICS
DEPARTMENT : BUSINESS ADMINISTRATION
UNIT CODE : BUSS O13
UNIT TITLE : BUSINESS LAW

TIME: 2 HOURS

SECTION A (COMPULSORY)

Question One

Define the term law

(5 marks)

Distinguish between crime and civil wrong

(8 Marks)

Highlight four issues of customary law that the district magistrate’s court is mandated to handle

(4 Marks)

Outline four rights of unpaid seller against the goods.

(5 Marks)

Explain four rights of agents

(8 Marks)

SECTION B

Answer any two questions from this section

Question Two

Discuss the sources of Kenya law

(15 marks)

Distinguish between written and unwritten sources of law.

(5 marks)

Question Three

Explain the essentials of a valid contract

(10 marks)

Discuss five ways through which leases may be terminated

(10 marks)

Question Four

Explain five circumstances under which a partnership may be dissolved.

(10 marks)

Explain the consequences of converting a partnership into a limited company

(10 marks)

Question Five

Write short notes on the following

Breach of contract

(2 Marks)

Consideration

(2 Marks)

Consent

(2 Marks)

Injuction

(2 Marks)

"Contracts of minors, persons of unsound mind and drunkard persons may be enforceable under law in certain circumstances." Citing examples explain the above statement

(12 marks)

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