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Buss 212: Business Law I 2Nd Trimester 2017 Question Paper

Buss 212: Business Law I 2Nd Trimester 2017

Course:Bachelor Of Business Information Technology

Institution: Kenya Methodist University question papers

Exam Year:2016

BUSINESS LAW 1 (BUSS 212) 2ND TRIMESTER 2017
KENYA METHODIST UNIVERSITY

END OF 2NDTRIMESTER 2017 (DAY) EXAMINATION

SCHOOL : BUSINESS AND ECONOMICS
DEPARTMENT : BUSINESS ADMINISTRATION
UNIT CODE : BUSS 212
UNIT TITLE : BUSINESS LAW I

TIME: 2 HOURS
INSTRUCTIONS

Answer Question ONE and any other TWO Questions.
Question One

Knowledge of the law is an essential business asset that can assist owners and managers in reaching their goals and objectives.
Describe the main purpose of Law
(6 marks)
Differentiate law and morality
(4 marks)
What is meant by transfer of property in goods? Explain the rules regarding:
Transfer of property in specific goods (5 marks)
Transfer of property in unascertained and future goods (5 marks)
Outline and discuss the essentials of valid contracts
(10 marks)
Question Two

Give a comprehensive view in respect of remedies for breach of contract.
(10 marks)
Discus what is meant by contractual capacity in the law of contract Act in the laws of Kenya.
(4 Marks)
Distinguish between valid, void and voidable contracts.
(6 marks)
Question Three

Discuss the duties of the hirer to the owner of goods on a contract of hire-purchase.
(10 marks)
To what extent does the Hire-purchase Act of Kenya protect the hirer of goods against the owners of the goods.
(10 marks)
Question Four

When a seller of goods deemed to be unpaid seller? What are his rights
Against the goods
and (6 Marks)
The buyer?
(4 marks)
List and explain the conditions and warranties which are implied in a contract of sale of goods by the sale of goods Act in the laws of Kenya.
(10 marks)
Question Five

List and explain different ways in which agency relationship may arise.
(10 marks)
State and discuss the ways in which an agency relationship can be terminated.
(10 marks)

Buss 212: Business Law I 2Nd Trimester 2017 Question Paper

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