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A partnership is basically a matter of agreement between the parties or partners in the business. Section 24 of the Partnership Act sets out rules which apply in the absence of express o implied agreement to the contrary.  Outline five Open …

Explain the conditions that have to be satisfied by an applicant before an adoption order can be granted by the court ANSWER The person adopting must have attained the age of 25 or be at least 21 years older than Open …

Explain three characteristics of a public company ANSWER Characteristics of the public company Minimum a seven members but the maximum is unlimited Must have at least two directors Must obtain a certificate of trading in order to commence business. Is Open …

Explain the doctrine of independence of judiciary. ANSWER The phrase independence of the judiciary means that: There should be a distinct organ of government whose sole responsibility is administration of justice. This organ must be as impartial or unbiased or Open …

Explain five advantages of arbitration as a form of settling disputes ANSWER Advantages of arbitration Cheap –it costs less to see a case through arbitration Flexibility –arbitral tribunals are not bound by previous awards or strict rules of procedure. Speed Open …

Custom is the oldest source of law. Explain the criteria which must be satisfied before a custom can be applicable as law ANSWER A custom is an embodiment of a principle of utility or justice that has commended itself. A Open …

Explain the key distinctions between common law and equity ANSWER Common Law Equity This is a branch of the Law of England which was developed by the ancient common law courts from customs, usages and practices of the English people. Open …

Explain the difference between codification and consolidation of law and give examples of each ANSWER Codification: This is the bringing together of all rules or principles of law in a particular field to constitute a single statute for example the Open …

Briefly state the various kinds of crossing on a cheque ANSWER A crossing consists of two parallel transverse lines on the face of the cheque. It is an instruction to the banker not to pay the proceeds of the cheque Open …

“A contract of insurance is a contract of “Uberrimae fidei (utmost good faith)”. Explain this statement ANSWER The contract of insurance is the Locus Classicus illustration of the so called contracts uberrimae fidei i.e. utmost good faith. It modifies the Open …