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Cmm 112: Principles Of Commercial Law Question Paper

Cmm 112: Principles Of Commercial Law

Course:Bachelor Of Commerce

Institution: Catholic University Of Eastern Africa question papers

Exam Year:2014

THE CATHOLIC UNIVERSITY OF EASTERN AFRICA
A. M. E. C. E. A
KISUMU CITY CAMPUS
MAIN EXAMINATION
MAY-JULY 2014 TRIMESTER
FACULTY OF COMMERCE
DEPARTMENT OF MARKETING AND MANAGEMENT
CMM 112: PRINCIPLES OF COMMERCIAL LAW
Duration 2 hrs
Instructions: Answer question ONE and any other TWO questions
Q1. An agent can have different types of authority from his principal.
a) Describe the following types of authority
i. Actual authority (5 marks)
ii. Apparent authority (5 marks)
iii. Customary authority (5 marks)
iv. Presumed authority (5 marks)
b) Explain the ways through which the agent principal authority can be terminated. (10 marks)
Q2.
a) Define the following terms
i. A bill (2 marks)
ii. Delegated legislation (2 marks)
iii. Ultra vires (2 marks)
iv. Common law (2 marks)
v. Stare Decisis (2marks)
vi. Limitation of actions (2 marks)
vii. Damages (2 marks)
b) Describe the nature of a partnership and list the components that are peculiar to such a relationship. (6 marks)
Q3.
a) Identify the sources of law in Kenya. (9 marks)

b) State the law making process in Kenya (11 marks)
Q4. Frank has been approached by the principal of a local college to speak to the students on contracts. Frank has sought your guidance on the most essential points to consider in his speed as a guest lecturer.
a) Identify the most essential elements of a contract. (3 marks)
b) Explain to Frank the distinction between an offer and an invitation to treat in relation to contracts for sale of goods displayed in a provisional store. (3 marks)
c) Explain to Frank the various ways of discharging a contract, remedies for breach as well as the vitiating factors. (14 marks)
*END*

Cmm 112: Principles Of Commercial Law Question Paper

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