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Hbc 2243: Business Law Ii Question Paper

Hbc 2243: Business Law Ii

Course:Bachelor Of Commerce

Institution: Jomo Kenyatta University Of Agriculture And Technology question papers

Exam Year:2010

W1-2-60-1-6
JOMO KENYATTA UNIVERSITY OF AGRICULTURE AND TECHNOLOGY
University Examinations 2009/2010
THIRD YEAR FIRST SEMESTER EXAMINATION FOR THE DEGREE OF BACHELOR OF COMMERCE
HBC 2243: BUSINESS LAW II
DATE: APRIL 2010 TIME 2 HOURS
INSTRUCTIONS: Answer Question 1 and Question 2 and any other two questions
QUESTION 1 COMPULSORY (30 marks)
1. a) Define the term partnership as found in section 3 cap 29 and list down its five essential components. (6 marks)
b.) List and explain the five main categories/ types of partners. (5 marks)
c.) List and explain the essential elements of a partnership business. (10 marks)
d.) Define the following terms as used in partnership law
i.) Novation (2 marks)
ii.) Holding out. (2 marks)
e.) List 5 rights and duties of partners in relation to one another. (5 marks)
Choose any two (20 marks)
2. a) Define the term sale f goods and give four analysis of the definition. (5 marks)
b.) Explain the distinction between a sale and agreement of sell. (4 marks)
ii.)What are the three implied warranties and the six implied condition in sale of goods. (6 marks)
d.i) What is estoppel? (1 mark)
ii.) What are the conditions necessary for estoppel to operate? (3marks)
3. a) Define the following terms as used in hire purchase
i.) Contract of guarantee. (1 mark)
ii.) Hire purchase agreement. (1 mark)
iii. Hire purchase price. (1 mark)
iv.) Hirer. (1 mark)
v.) owner. (1 mark)
b.i) What should a hire purchase agreement contain? (2 marks)
ii.) What are the effects of non registration in a hire purchase agreement? (2 marks)
c.) What are the duties of the hirer in a hire purchase agreement? (5 marks)
d.) In a hire purchase agreement there are conditions and warranties implied, what are they? (6 marks)
4. a)What is insurance law and what are the three characteristics of the definition?(5 marks)
b.) What are the ways in which an insurance policy terminates? (4 marks)
c.) List and explain the main principles of insurance. (10 marks)
5. a) What is a contract of guarantee and what are its characteristics?(5 marks)
b.i) What is a lien? (1 mark)
ii.) What are the three types of lien? (3 marks)
c.) What are the duties of common carriers in a sale of goods? (3 marks)
d.) Write brief notes on the following
i.) Bill of landing.(1 mark)
ii.)Ex works contract (1 mark)
iii.) Free alongside ship (F.A.S). (1 mark)
iv.) Free on board. (F.O.B). (1 mark)
v.) Cost insurance freight. (C.I.F)(1 mark)
vi.) Ex ship contract. (1 mark)

Hbc 2243: Business Law Ii Question Paper

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