The effect of illegality is that the contract is rendered void, no action can be brought on it, and any money paid or goods transferred cannot be recovered. However, the rule is subject to the following exceptions: Where both the Open …
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Enumerate the five methods of creating agency
Agency may be created by: Express Appointment. This type of agency will arise by express appointment of an agent, he may be appointed verbally even if he is employed to make a contract on behalf of his principal which must Open …
Business Law/Commercial Law: Summary notes
Business Law| Commercial Law| Introduction to Law notes Suitable for those studying Professional courses, Certificates, Diplomas, and Business Degrees Topics covered Business Law| Commercial Law Revision Questions and Answers 1 . THE NATURE AND SOURCES OF LAW – Click here Open …
Distinguish between incorporated and unincorporated associations.
Apart from human beings, the law also accords legal personality to certain offices and groups of persons known as incorporated associations or most commonly known as corporations. A corporation is an artificial legal person created by law, and once it Open …
State the composition and functions of the High Court of Kenya
The High Court of Kenya is established by section 60 (1) of the Constitution. This court is headed by the Chief Justice assisted by not less than nineteen puisne judges. The Chief Justice is appointed by the President of Republic Open …
Common Carriers: Summary notes
Common Carriers The law recognizes two types of carriers common and private. A common carrier is one who holds himself out to the public as being ready to carry their goods from place to place, either by land or water Open …
Insurance: Summary notes
Definition A contract of insurance is one whereby one party (called the insurer) undertakes for a consideration to inemnify another party (called the insured) upon the happening of a specified event. The consideration paid by the insured is called the Open …
Bailment, Lien, and Pledges: Summary notes
Bailment is the delivery of goods from one person , the bailor, to another person, the bailee, on the condition express or implied in the contract that the goods shall be returned to the bailor as soon as the Open …
Partnership: Summary notes
Definition Section 3 of the Kenya Partnership Act (cap 29) 1962 defines partnership as ‘ the relation which subsists between persons carrying on a business in common with a view of profit.’ Registered, statutory companies are not partnerships. Section 4 Open …
Agency: Summary notes
Definition of agency. Agency is the relationship which arises where one per-son, the agent, is authorized to bring another, the principal, into contractual relationship with third parties. Anyone with contractual capacity can employ an agent to make his contracts for Open …