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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:2011

SCHOOL : SCHOOL OF BUSINESS AND ECONOMICS

DEPARTMENT : BUSINESS ADMINISTRATION

TIME : 2 HOURS

INSTRUCTIONS Answer Question ONE (compulsory) in Section A and any Other TWO Questions in Section B

SECTION A

Question 1

a) State and briefly explain any five sources of Kenya law. (15marks)

b) State and explain four different categorizations of law. (15marks)

SECTION B

Question 2

a) What is the nature/definition of a contract (5marks)

b) Write short notes on the following in the context of the law of contract. (15marks)

i) Offer and acceptance

ii) Agreement or consensus in a contract

iii) Intention to create legal relations

iv) Contractual capacity of insane and drunken persons

Question 3

Describe the main rules applying to the doctrine of consideration in the law of Contract. (20marks)

Question 4

a) What is the difference between an agent and a servant? (4marks)

b) State and explain four of the ways in which an agency relationship may be terminated. (16marks)

Question 5

a) What is the difference between a sale and an agreement to sell in the context of the sale of goods? (4marks)

b) State and illustrate with examples the essential characteristics of a contract of sale of goods. (16marks)

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