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Cbm 04: Business Law Question Paper

Cbm 04: Business Law

Course:Certificate In Business Management

Institution: Chuka University question papers

Exam Year:2013

CHUKA

UNIVERSITY

UNIVERSITY EXAMINATIONS

FIRST YEAR EXAMINATION FOR THE AWARD OF
CERTIFICATE IN BUSINESS MANAGEMENT

CBM 04: BUSINESS LAW

STREAMS: CERT (BM) Y1 TIME: 2 HOURS

DAY/DATE: FRIDAY 9/8/2013 11.30 AM – 1.30 PM

INSTRUCTIONS:

Answer Question ONE and any other TWO Questions

1. (a) Citing examples, explain the following classification of law

(i) Criminal law [2 Marks]

(ii) Civil law [2 Marks]

(iii) Substantive law [2 Marks]

(b) State and explain 3 fundamental rights and freedom of an individual. [6 Marks]

(c) State the 3 organs of state and their functions. [6 Marks]

(d) Explain the advantages of legislation. [4 Marks]

(e) Define the following terms

(i) Arbitration [2 Marks]

(ii) Judicial precedent [2 Marks]

(iii) Stare decisis [2 Marks]

(iv) Obiter dicta [2 Marks]
2. (a) Felisters handed to Hannah a writer offer. The next day Felisters posted a
withdrawal of the offer at 12 noon, it did not reach Hannah until 5 pm, in the meantime Hannah at 3.50 pm posted acceptance. Is there a contract decide. [5 Marks]

(b) Describe 5 ways in which a contract may be discharged. [10 Marks]

(c) Define the following terms:

(i) Testate
(ii) Intestate
(iii) Will
(iv) Codial
(v) Dependants [5 Marks]

3. (a) Explain the advantages of Incorporation. [5 Marks]

(b) Differentiate between natural person and artificial persons. [2Marks]

(c) Describe 5 remedies of Breach of contract [10 Marks]

(d) Define:

(i) Offer [1 Mark]

(ii) Acceptance [1 Mark]

(iii) Undue influence [1 Mark]

4. (a) An offer may be distinguished from

(i) Invitation to offer
(ii) Expression of opinion
(iii) Declaration of intention, Discuss [6 Marks]

(b) Explain 5 ways in which agency relationship may be terminated. [10 Marks]

(c) Amos buys certain good on behalf of Beruice. Beruice did not appoint Amos as his agent. Beruice upon hearing of transaction accepts. Identify the way in which the agency relationship came to existence. [2 Marks]

(d) What do you understand by the term conditions and warranties? [2 Marks]
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Cbm 04: Business Law Question Paper

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