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Author: admin

Distinguish between incorporated and unincorporated associations.

February 2, 2023April 2, 2025 admin

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 Read More …

A CPA Business Law/Commercial Law Revision Question and AnswersLeave a comment

 State the composition and functions of the High Court of Kenya

February 2, 2023February 3, 2023 admin

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 Read More …

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Common Carriers: Summary notes

February 2, 2023February 4, 2023 admin

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 Read More …

Business Law/Commercial Law: Summary notesLeave a comment

Insurance: Summary notes

February 2, 2023February 2, 2023 admin

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 Read More …

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Bailment, Lien, and Pledges: Summary notes

February 2, 2023February 2, 2023 admin

  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 Read More …

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Partnership: Summary notes

February 2, 2023February 2, 2023 admin

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 Read More …

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Agency: Summary notes

February 1, 2023February 4, 2023 admin

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 Read More …

Business Law/Commercial Law: Summary notesLeave a comment

Hire Purchase: Summary notes

February 1, 2023February 4, 2023 admin

Goods are frequently sold on agreements known as hire purchase agreements. The essence of a hire purchase agreement is that the goods are on hire only, and that the property in them is not to pass to the customer or Read More …

Business Law/Commercial Law: Summary notesLeave a comment

Sale of Goods: Summary notes

February 1, 2023February 4, 2023 admin

SALE OF GOODS The contract of sale A contract of sale of goods is a contract whereby the seller transfers or agrees to transfer the property in goods to the buyer for a money consideration called the price. It must Read More …

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Negotiable Instruments: Summary notes

February 1, 2023February 4, 2023 admin

To rank as a negotiable instrument, a document must be recognized as such by statute, or by custom of merchants.              A negotiable instrument is a written document which represents money. The main characteristics of Read More …

Business Law/Commercial Law: Summary notesLeave a comment

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