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:Education

Institution: Kenya Methodist University question papers

Exam Year:2012

KENYA METHODIST UNIVERSITY

END OF 2''ND ''TRIMESTER 2012 (SCHOOLBASED) EXAMINATIONS
FACULTY : EDUCATION AND SOCIAL SCIENCES
DEPARTMENT : EDUCATION
UNIT CODE : BUSS 212
UNIT TITLE : BUSINESS LAW
TIME : 2 HOURS

INSTRUCTIONS

Answer any three questions.

Question One

Distinguish the following

Law and morality.

(2 Marks)

Public and private law.

(2 Marks)

Common law and equity.

(2 Marks)

Substantive law and procedural law.

(2 Marks)

Ratio decidendi and obiter Dicta.

(2 Marks)

Explain the following types of precedent:

Declaratory precedent.

(2 Marks)

Original precedent.

(2 Marks)

Distinguishing precedent.

(6 Marks)

Question Two

Define the term law in Strick sense of word.

(4 Marks)

Explain eight sources of law in Kenya.

(16 Marks)

Question Three

It is always necessary to communicate acceptance of an offer to the other party to the contract. Explain whether or not you agree with above statement.

(12 Marks)

Arnold wrote to Ben offering to sell him a consignment of goods. In the letter he advised Benn to telephone his decision to Cecelia, Arnold’s wife. Explain whether there is a valid contract between Arnold and Ben in the following situations.

Ben does not telephone Cecelia but writes to Arnold accepting his offer.

(4 Marks)

Bend sends a telex to Arnold accepting the offer.

(4 Marks)

Question Four

Explain five implied conditions and warranties in a hire purchase agreement.

(10 Marks)

Explain how a hire purchase agreement differ from:
A credit sale agreement.
A conditioned sale agreement.

Question Five

In relation to the law of succession:

Define a will.

(2 Marks)

Explain four formalities of a will.

(8 Marks)

Outline five classes of persons who may be classified as dependants for purpose of provision under succession Act.

(10 Marks)

Buss 212:Business Law Question Paper

More Question Papers

Popular Exams