Introduction To Business Law 1 (Buss 013) Question Paper

Introduction To Business Law 1 (Buss 013)

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2013

TIME: 2 HOURS

INSTRUCTIONS: Answer Question ONE and Any Other TWO Questions
Question One
a) Write explanatory notes on the following:-
i) Nuisance
ii) Customary law
iii) Equity
iv) Judge made laws. (10marks)
b) Discuss the factors that would render a contract void. (Vitiating factors).
(10marks)
c) Discuss the various modes of creation of an agency. (10marks)

Question Two
a) Briefly discuss the essential requirements for a valid contract. (15marks)
b) Discuss the doctrine of strict liability (no fault liability). (5marks)

Question Three
a) Discuss the various modes of discharge of a contract. (10marks)
b) Discuss the duties of an agent towards his principal. (10marks)

Question Four
Mr. William drove his car fast round a bend and caused an accident in which
he died. His mutilated body scared a passenger in another vehicle and she
miscarried ( with her child). She has sued the family of Mr. William for this
loss. Required. Discussed the legal issues in this case and state whether in
your opinion she would succeed giving reasons for your answer. (20marks)

Question Five
With the aid of a suitable diagram, explain what it means to be a holder in due
course of a negotiable instrument. (20marks)

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