State how the equitable principle of utmost good faith is manifested in the daily operations of a partnership ANSWER A partner may not engage in a competing business without the consent of other partners. A partner who makes a secret Open …
Category: A CPA Business Law/Commercial Law Revision Question and Answers
CPA Business Law/Commercial Law Revision Question and Answers
State how the equitable principle of utmost good faith is manifested in the daily operations of a partnership
State how the equitable principle of utmost good faith is manifested in the daily operations of a partnership ANSWER A partner may not engage in a competing business without the consent of other partners. A partner who makes a secret Open …
Explain the ways in which a Partnership may be dissolved without a court order
Explain the ways in which a Partnership may be dissolved without a court order. ANSWER Performance of the undertaking. Completion of the undertaking Lapse of time-if the duration is fixed. At will: – a partner notifies the others of his Open …
Explain the ways in which a Partnership may be dissolved without a court order
Explain the ways in which a Partnership may be dissolved without a court order. ANSWER Performance of the undertaking. Completion of the undertaking Lapse of time-if the duration is fixed. At will: – a partner notifies the others of his Open …
One of the principal duties of an agent is expressed by the maxim “delegates non potest delegare.” State and identify five circumstances under which this rule or maxim does not apply.
One of the principal duties of an agent is expressed by the maxim “delegates non potest delegare.” State and identify five circumstances under which this rule or maxim does not apply. ANSWER This maxim literally means that “delegates must not Open …
One of the principal duties of an agent is expressed by the maxim “delegates non potest delegare.” State and identify five circumstances under which this rule or maxim does not apply.
One of the principal duties of an agent is expressed by the maxim “delegates non potest delegare.” State and identify five circumstances under which this rule or maxim does not apply. ANSWER This maxim literally means that “delegates must not Open …
Under Section 7 of the Hire Purchase Act Cap. 507, Laws of Kenya, certain provisions are deemed void if contained in a hire purchase agreement. Identify and explain five such provisions
Under Section 7 of the Hire Purchase Act Cap. 507, Laws of Kenya, certain provisions are deemed void if contained in a hire purchase agreement. Identify and explain five such provisions ANSWER A provision which authorizes the owner or any Open …
Under Section 7 of the Hire Purchase Act Cap. 507, Laws of Kenya, certain provisions are deemed void if contained in a hire purchase agreement. Identify and explain five such provisions
Under Section 7 of the Hire Purchase Act Cap. 507, Laws of Kenya, certain provisions are deemed void if contained in a hire purchase agreement. Identify and explain five such provisions ANSWER A provision which authorizes the owner or any Open …
State three circumstances under which the president may exercise prerogative of mercy
State three circumstances under which the president may exercise prerogative of mercy ANSWER Under the provisions of the Constitution the president is empowered to: Grant pardon to a convicted person either free or subject to lawful condition. Grant respite to Open …
State three circumstances under which the president may exercise prerogative of mercy
State three circumstances under which the president may exercise prerogative of mercy ANSWER Under the provisions of the Constitution the president is empowered to: Grant pardon to a convicted person either free or subject to lawful condition. Grant respite to Open …