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Cbm 04: Introduction To Business Law Question Paper

Cbm 04: Introduction To Business Law

Course:Certificate In Business Management

Institution: Chuka University question papers

Exam Year:2013

CHUKA

UNIVERSITY

UNIVERSITY EXAMINATIONS

IGEMBE CAMPUS

EXAMINATION FOR THE AWARD OF
CERTIFICATE IN BUSINESS MANAGEMENT

CBM 04: INTRODUCTION TO BUSINESS LAW

STREAMS: CERT (BM) TIME: 2 HOURS

DAY/DATE: FRIDAY 9/8/2013 8.30 PM – 10.30 AM

INSTRUCTIONS:

1. Answer Question ONE and any Other THREE
2. Question ONE is Compulsory

SECTION A (COMPULSORY)

1. (a) With an aid of examples explain three main purposes of law. [6 Marks]

(b) Distinguish between public law and private law. [2 Marks]

(c) Explain and illustrate the statement that a corporation is a person in the eyes of
the law. [4 Marks]

(d) List and explain the different ways in which agency relationship may arise. [5 Marks]

(e) Distinguish between valid, void and voidable contracts. [6 Marks]

(f) Differentiate between the following

(i) Testate succession [1 Mark]

(ii) Interstate succession. [1 Mark]

SECTION B (CHOOSE ANY TWO QUESTIONS FROM THIS SECTION)

2. (a) State and discuss any five ways in which an agency can be terminated.
[10 Marks]

(b) Describe the sources of law in Kenya. [5 Marks]

3. (a) Explain the main reasons for delegated legislation as opposed to statute made in
parliament. [10 Marks]

(b) Discuss the doctrine of separation of powers. [5 Marks]

4. (a) Briefly explain five remedies for breach of contract at common law and the
equitable remedies. [10 Marks]

(b) In relation to the law of contract briefly explain the following terms:

(i) Executed consideration [1 Mark]

(ii) Executory consideration [1 Mark]

(iii) Contract under seal [1 Mark]

(iv) Misrepresentation [2 Marks]

5. (a) Explain any five type of legacies and where applicable illustrate with an aid of
example. [10 Marks]

(b) (i) Distinguish between appelete jurisdiction and original jurisdiction.
[1 Mark]

(ii) Distinguish between corporation sole and corporation aggregate.
[4 Marks]

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Cbm 04: Introduction To Business Law Question Paper

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