Business Law 2 Question Paper

Business Law 2

Course:Bachelor Of Commerce

Institution: Kenyatta University question papers

Exam Year:2009

KENYATTA UNIVERSITY
UNIVERSITY EXAMINATIONS 2009/2010
FIRST SEMESTER EXAMINATION FOR THE DEGREE OF BACHELOR OF
COMMERCE

BBA 302: BUSINESS LAW II

=================================================================
DATE: TUESDAY 1ST DECEMBER 2009

TIME: 2.00 P.M. – 4.00 P.M.

INSTRUCTIONS
Answer any FIVE questions.

1.
a)
Who is a legal person? Distinguish him from other persons. (10 marks)
b)
Explain five major differences between a corporate entity and a partnership. (10 marks)

2.
a)
State three main differences between a contract of sale of goods and an agreement to sell goods. (3 marks)
b)
Explain briefly the implied terms in the contract of sale of goods. (7 marks)
c)
State and explain 5 rules of transfer of ownership/property in goods. (10 marks)

3.
a)
Explain briefly the rights of unpaid seller over the goods. (12 marks)
b)
XZ entered into a contract to sell his car to Y. They had agreed that payment of price and delivery of car be done in three days time. X was ready on the agreed day but Y did not tender the price. X then sold the car on the Fourth day to a third party. Advice Y. (8 marks)

Q.4
a)
X an employee of Bidii Enterprise usually transacts businesses with clients of Bidii Enterprises and Bidii pays for all successful transactions. Unknown to these clients, X’s employment contract was terminated. X continued for several months to get goods from the clients on credit for his own use. Now Bidii is refusing to pay these clients for the goods given to X. Discuss. (10 marks)
b)
State five requirements for a principal to ratify the agents contract. (10 marks)

5.
a)
What are the agent’s rights? (5 marks)
b)
Distinguish a particular lien from a general lien. (5 marks)
c)
Briefly explain Five classes of agents. (10 marks)

6.
a)
What is a negotiable instrument? Explain the different types available. (8 marks)
b)
Who is a holder in due course? (6 marks)
c)
What does it mean if a negotiable interest is:-
i)
Payable to order. (3 marks)
ii)
Payable to bearer (3 marks)

7.
a)
Explain 5 ways of discharging a bill. (10 marks)
b)
Explain 4 duties of the bank to its customer.
(10 marks)

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