Company Law Question Paper

Company Law

Course:Bachelor Of Commerce

Institution: Kenyatta University question papers

Exam Year:2010

KENYATTA UNIVERSITY
UNIVERSITY EXAMINATIONS 2008/2009
INSTITUTE OF OPEN LEARNING EXAMINATION FOR THE DEGREE OF
BACHELOR OF COMMERCE

BBA 401: COMPANY LAW

DATE: Wednesday 17th February 2010 TIME: 11.00 a.m – 1.00 p.m

INSTRUCTIONS: Answer questions ONE and any TWO other.
1.
a)
A company director being an agent of the company owes it duties both

at common law and equity. Discuss

[15 marks]

b)
Critically examine the circumstances under which a court will lift the veil

of incorporation so as to make a person other than the company liable for

the debts of the company.

[15 marks]
2.
The memorandum and articles of association of a company once registered

constitute a contract between the members inter-se (between themselves) and

the company. Discuss.

[20 marks]
3.
a)
The mode of winding up company is generally determined by financial

position and the intention of the shareholders. Do you agree? [13 marks]
b)
Briefly discuss the grounds under which a court may order the winding up
of a company.

[ 7marks]
4.
a) Shareholders of a company have rights in the company while creditors

have rights against the company. Discuss.

[15 marks]
b)
Give an outline of the distinction between a share and a debenture bond.

[ 5 marks]
5.
Critically analyse the legal rules that underpin the relationship between a

promoter and the yet to be formed company.

[20 marks]
Page 1 of 1

📘 Access 10,000+ CBC Exams With Marking Schemes

Company Law Question Paper

More Question Papers

Exams With Marking Schemes

End Term 3 Exams

Mid Term Exams

End Term 1 Exams

Opener Exams

Full Set Exams