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

Buss 212:Business Law Question Paper

Buss 212:Business Law

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2013

KENYA METHODIST UNIVERSITY

END OF 2''ND ''TRIMESTER 2013 (EVENING) EXAMINATION
SCHOOL : BUSINESS AND ECONOMICS
DEPARTMENT : BUSINESS ADMINISTRATION
UNIT CODE : BUSS 212
UNIT TITLE : BUSINESS LAW

TIME: 2 HOURS

INSTRUCTIONS: Answer Question One and any Other TWO Questions

Question One
a) "Without the law of contract, there is no business law." Do you agree?
(2marks)
b) With the help of very clear examples explain the position of the law of contract in the following legal relationships:-
i) Partnership (4marks)
ii) Agency (4marks)
iii) Sale of goods (4marks)
iv) Hire purchase (4marks)
v) Arbitration. (4marks)
c) List and explain FOUR differences between criminal wrongs and civil wrongs. (8marks)

Question Two
a) Using appropriate examples identify and explain FIVE types of offer noting to explain how they are terminated. (10marks)
b) Hire-purchase transactions have heavily declined in the last two decades. Identify and explain at least FIVE reasons that have caused this decline. (10marks)

Question Three
a) Explain the various duties owned by an agent to the principal. (10marks)
b) Hire-purchase transactions have heavily decline in the last two decades. Identify and explain at least FIVE reason that have caused their decline.
(10marks)

Question Four

Now that you have successfully completed your course work in the business

law one, your brother has requested you to help him write a proper partnership

deed to enable him enter into a business partnership relationship with your

cousin. Draw the partnership deed noting to identify and explain the various

elements that need to be captured in a well written partnership deed.

(20marks)

Question Five
a) Explain the differences between law and morality. Proper examples must be given to support your answer. (10marks)
b) Negotiable instruments have played a major role in promoting business. Explain at least FIVE reasons in support of this statement. (10marks)

Buss 212:Business Law Question Paper

More Question Papers

Popular Exams