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Dbmg 017:Business Law Question Paper

Dbmg 017:Business Law

Course:Diploma In Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2011

FACULTY : BUSINESS AND MANAGEMENT STUDIES

DEPARTMENT : BUSINESS ADMINISTRATION

TIME : 2 HOURS

INSTRUCTIONS Answer Question ONE and any Other TWO Questions

Question 1

a) Define the term ‘Law” and discuss various kinds of law (10marks)

b) “All contracts are agreements but all agreements are not contracts”. Comment on the above statement and clearly explain the essentials of a valid contract (10marks)

c) A partnership may be formed by oral or by written agreement. In the case where it is in writing, it is incorporated into the “article of partnership” or “partnership deed”. In your own opinion is there any relevance of having the formation of partnership by written agreement. (10marks)

Question 2

a) Define the term “source of law” (2marks)

b) Write short notes on the following sources of law

i) Islamic law (4marks)

ii) Judicial precedent or case law (4marks)

iii) Subordinate or delegated legislation and state the main reasons for this type of legislation process (10marks)

Question 3

a) Explain how an agency may be terminated by: (12marks)

i) Act of parties

ii) Operation of law

b) How can a contract be discharged (terminated) in Kenya law (8marks)

c) Explain four ways on how an agency may be created (10marks)

Question 4

a) Define the term “sale of good” (2marks)

b) Distinguish between sale and agreement to sale (6marks)

c) When is a sale of good deemed to be unpaid seller? Outline the seller’s rights against:

i) The goods and

ii) The buyer (10marks)

Question 5

a) Define the term “partnership” What are the main destruction between partnership and a limited company under Kenya law? (10marks)

b) What is meant by a negotiable instrument (2marks)

c) What are the main characteristics of negotiable instruments (8marks)

Dbmg 017:Business Law Question Paper

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