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Buss 216:Business Law Ii Question Paper

Buss 216:Business Law Ii

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2011

SCHOOL : SCHOOL OF BUSINESS AND ECONOMICS

DEPARTMENT : BUSINESS ADMINISTRATION(SB)

TIME : 2 HOURS

INSTRUCTIONS Answer Question ONE and any other TWO Questions Cite relevant case law or/and give practical examples

Question 1

a) Outline the differences between Memorandum of Associations and Articles of Association. (10marks)

b) Discuss in detail the Indoor Management Doctrine. (10marks)

c) Majority of shareholders have their say in company matters. In reference to the rule in Foss V. Harbottle, discuss the meaning of the statement setting out the importance of the rule and its exceptions. (10marks)

Question 2

a) Under what circumstances may a person not be director of a company? (8marks)

b) State and briefly explain the characteristics of a public limited company, limited by shares. (8marks)

c) What is a share, and what are the consequences of being a shareholder? (4marks)

Question 3

a) In relation to pre-incorporation contracts, advise Mary, a promoter who entered in contracts on behalf of KSML Co. LTD. with Hellen before the company was incorporated and is now been sued by Hellen for non-payment. (8marks)

b) Explain the meaning and scope of the Golden Rule of framing the prospectus. (6marks)

c) Outline the differences between private company and public limited company. (6marks)

Question 4

Write detailed explanatory notes on the following: (20marks)

a) The Rule in Re: German Date Coffee (1882).

b) Types of voluntary winding up of a company.

c) Contributories and their liabilities.

d) The duties of chairman of a company meeting.

Question 5

a) What is a resolution? And outline the various types of resolutions that a company may pass in its meetings. (10marks)

b) Outline the main contents of a statutory report. (6marks)

c) What are the powers of company members? (4marks)

Buss 216:Business Law Ii Question Paper

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