Business Law (Buss 013) Question Paper

Business Law (Buss 013)

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2012

TIME: 2 HOURS

INSTRUCTIONS:
Answer question ONE and any other two questions.
Question One
Define the term "Law"
(5 marks)
Explain at least four classifications of law.
(8 marks)
Describe the advantages of administrative tribunals.
(7 marks)
Explain the five divisions of civil law
(10 marks)

Question Two
Explain the substance of English common law and doctrine of Equity.
(10 marks)
Explain the various ways in which an offer can be hero ked.
(10 marks)

Question Three
"The business of partnership may be carried on by the partner or both of them. A partner is both an agent and a partner in the business in the sense that he can bind the other party by his act." Discuss this statement bringing out clearly the differences between a partnership and a company.
(15 marks)
Explain the duties of partners.
(5 marks)

Question Four
Explain the following terms as used in agency
Express agreement
(2 marks)
Implied agreement
(2 marks)
Agency by estoppels
(2 marks)
Necessity
(2 marks)
Ratification
(2 marks)
Explain the ways in which agency may be terminated.
(10 marks)

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