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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 3RDTRIMESTER 2013 (SB) EXAMINATION
FACULTY : EDUCATION AND SOCIAL SCIENCES
DEPARTMENT : EDUCATION
UNIT CODE : BUSS 212/DPS 023
UNIT TITLE : BUSINESS LAW 1
TIME : 2 HOURS

INSTRUCTIONS

Attempt question one and any other two questions

Question One

Distinguish the main points of distinction between a ’sale’ and an ’agreement to sell’

(10 marks)

Discuss the functions of judicial service commission

(8 Marks)

One of the factors involved in the formation of a contract is a "consideration." Discuss the various types of considerations

(6 Marks)

Explain the various types of agents according to the nature of work performed by them

(6 marks)

Question Two

Discuss the essentials of valid contract

(12 Marks)

Discuss the various ways of discharging a contract

(8 Marks)

Question Three

An agent is presumed not to take personal liability with third party in his dealings except in some circumstances. Discuss these circumstances.

(8 Marks)

One of the ways in which an agency can be formed is by ratification. Discuss the essentials of a valid ratification.

(12 marks)

Question Four

Discuss the rights of the buyer against the seller for breach of contract under the sale of goods act.

(10 marks)

Discuss the exceptions of the doctrine of ’caveat emptor.’

(10 Marks)

Question Five

Discuss the duties of a banker in the customer banker relationship.

(8 Marks)

Discuss any five general defenses in respect to torts

(12 marks)

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