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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
EXAMINATIONS FOR THE AWARD OF CERTIFICATE IN BUSINESS MANAGEMENT
CBM 04: INTRODUCTION TO BUSINESS LAW
STREAMS: CERT BM TIME: 2 HOURS
DAY/DATE: MONDAY 22/4/2013 8.30 AM – 10.30 AM
INSTRUCTIONS:

Answer Question ONE and any other TWO Questions

1. (a) You have been freshly employed as a teacher at Chuka High School to teach
commerce.

Required:

Define law to the commerce class, in order to make them understand it.
[4 Marks]

(b) Kenya as a nation has many sources of law. Discuss any three sources of law.
[6 Marks]

(c) Describe the composition and jurisdiction of the following as per the Kenyan
Constitution.

(i) Supreme Court [5 Marks]

(ii) Court of Appeal [5 Marks]

(d) For a contract to be binding on the parties at least five elements must never be
Lacking. Discuss any of these five elements. [10 Marks]
2. (a) Describe the circumstances under which an agency may be terminated.
[6 Marks]

(b) What are the rights of a principal [6 Marks]

(c) State and explain the different ways in which agency relationship may arise.
[8 Marks]

3. (a) What are the characteristics of a will. [5 Marks]

(b) How is ownership acquired in immovable property? [10 Marks]

(c) In the law of succession dependant is broadly defined. Who is it in order of
priority ? [5 Marks]

4. (a) What are the consequences of incorporation? [10 Marks]

(b) Discuss capacity to contract. [10 Marks]

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Cbm 04: Introduction To Business Law Question Paper

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