Explain three characteristics of a private limited company ANSWER A corporation is an association of persons recognized as a legal entity. It has an independent legal existence. It is a body corporate or a juristic person. It is an abstraction Read More …
Category: A CPA Business Law/Commercial Law Revision Question and Answers
CPA Business Law/Commercial Law Revision Question and Answers
Differentiate between a Memorandum of Association and Articles of Association of a registered company and detail the contents of the Articles of Association
Differentiate between a Memorandum of Association and Articles of Association of a registered company and detail the contents of the Articles of Association ANSWER Memorandum of Association Articles of Association It is one of the constitutive documents in company formation. Read More …
Describe the main function and composition of Judicial Service Commission
Describe the main function and composition of Judicial Service Commission ANSWER The Judicial Service Commission is established It is established by Article 171 of the Constitution. It consists of: Composition/Membership Under Article 171 (2) or the Act, the Judicial Service Read More …
The Business Premises Rent Tribunals are established under section 11 of “The Landlord and Tenant (Shops, Hotels and Catering Establishment Act (Cap 301) Laws of Kenya. What purpose do these tribunals serve and what are their main and important powers as stipulated under the Act?
The Business Premises Rent Tribunals are established under section 11 of “The Landlord and Tenant (Shops, Hotels and Catering Establishment Act (Cap 301) Laws of Kenya. What purpose do these tribunals serve and what are their main and important powers Read More …
Distinguish legal rights from equitable rights and outline the main equitable remedies available to an aggrieved party
Distinguish legal rights from equitable rights and outline the main equitable remedies available to an aggrieved party ANSWER Legal rights Equitable rights These are rights which originally could only be enforced by the common law courts. These rights were originally Read More …
Describe the various branches of civil law
Describe the various branches of civil law ANSWER Branches of civil law Law of Contract: is concerned with rights, duties and remedies of parties to a contract. It defines a contract, prescribes its elements identifies its terms and their effect Read More …
In relation to the law of succession: (i) Define a will (ii) Explain four formalities of a will
In relation to the law of succession: (i) Define a will (ii) Explain four formalities of a will ANSWER i) A will is the legal declaration by a person of his intention or wishes regarding the disposition of his property Read More …
Outline five classes of persons who may be classified as dependants for purposes of provision under the Succession Act
Outline five classes of persons who may be classified as dependants for purposes of provision under the Succession Act ANSWER Section 29 of the Law of Succession Act, defines the term “dependant” by identifying the categories of persons who in Read More …
In relation to the Sale of Goods Act, explain the circumstances when: (i) A buyer may reject the goods and repudiate the contract (ii) The buyer may lose the right to reject the goods.
In relation to the Sale of Goods Act, explain the circumstances when: (i) A buyer may reject the goods and repudiate the contract (ii) The buyer may lose the right to reject the goods. ANSWER i) A buyer may reject Read More …
Explain the remedies available to an unpaid seller against: (i) The goods (ii) The buyer under the Sale of Goods Act
Explain the remedies available to an unpaid seller against: (i) The goods (ii) The buyer under the Sale of Goods Act ANSWER (i) The goods Right of lien or retention of goods: This is the right of unpaid seller in Read More …