Distinguish between Partnership and a limited company ANSWER Partnership Limited Company A partnership is the relation which subsist between persons carrying on a business in common with a view of profit. It may be general or limited. This is a Read More …
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Explain the various forms of a qualified acceptance of a bill of exchange
Explain the various forms of a qualified acceptance of a bill of exchange ANSWER A qualified acceptance of a bill of exchange varies or modifies the terms of a bill. Such an acceptance may take the form of Conditional: payment Read More …
Outline the characteristics of a promissory note
Outline the characteristics of a promissory note ANSWER It is an unconditional promise It must be written and signed by the maker It contains an engagement to pay a sum certain in money The sum is payable on demand or Read More …
Outline the ways in which a bill of exchange may be discharged
Outline the ways in which a bill of exchange may be discharged ANSWER A bill of exchange may be discharged in the following ways: Payment in due course Acceptor the holder at maturity or merger Cancellation Material alteration Non-presentation for Read More …
i) What is ratification as used in the law of agency? ii) In the law of agency, describe the legal requirements for a valid ratification
i) What is ratification as used in the law of agency? ii) In the law of agency, describe the legal requirements for a valid ratification ANSWER i) Meaning of ratification as used in the law of agency This is the Read More …
In relation to the law of tort, explain what is meant by the following: (i) Private nuisance (ii) Public nuisance (iii) Giving examples, outline the circumstances when a private individual may sue on his own behalf for public nuisance
In relation to the law of tort, explain what is meant by the following: (i) Private nuisance (ii) Public nuisance (iii) Giving examples, outline the circumstances when a private individual may sue on his own behalf for public nuisance ANSWER Read More …
Citing relevant case law, discuss the doctrine of equitable estoppel, outlining the circumstances under which it arises
Citing relevant case law, discuss the doctrine of equitable estoppel, outlining the circumstances under which it arises ANSWER The doctrine of equitable estoppel was developed to mitigate the harshness of the common law rule of consideration where a promisee had Read More …
Explain the powers of the Business Premises Rent Tribunal as provided under the Landlord and Tenant Act of the laws of your country
Explain the powers of the Business Premises Rent Tribunal as provided under the Landlord and Tenant Act of the laws of your country ANSWER To fix the amount of service charge if included in the rent payable. To determine whether Read More …
Write explanatory notes on the following: i) Supremacy of the constitution ii) The rule of law iii) Identify the factors that may undermine the rule of law in a country
Write explanatory notes on the following: i) Supremacy of the constitution ii) The rule of law iii) Identify the factors that may undermine the rule of law in a country ANSWER i) Supremacy of the constitution Supremacy of the constitution Read More …
Explain the evolution of the doctrine of equity, indicating its contribution to the legal system of your country
Explain the evolution of the doctrine of equity, indicating its contribution to the legal system of your country ANSWER Equity means fairness or justice. It is a branch of the law of England which was developed by the various Lord Read More …