Explain how a hire purchase agreement differs from: (i) A credit sale agreement (ii) A conditional sale agreement ANSWER Credit sale This is a sale on credit. This is a contract of sale of goods whereby the purchase price is Read More …
Category: A CPA Business Law/Commercial Law Revision Question and Answers
CPA Business Law/Commercial Law Revision Question and Answers
Explain five implied conditions and warranties in a hire purchase agreement
Explain five implied conditions and warranties in a hire purchase agreement ANSWER Conditions • Right to sell: Under sect 8(1) of the Hire purchase Act, there is an implied condition that the owner will have the right to sell the Read More …
Arnold wrote to Ben offering to sell him a consignment of goods. In the letter he advised Ben to telephone his decision to Cecilia, Arnold’s wife. Explain whether there is a valid contract between Arnold and Ben in the following situations: (i) Ben does not telephone Cecilia but writes to Arnold accepting his offer (ii) Ben sends a telex to Arnold accepting the offer
Arnold wrote to Ben offering to sell him a consignment of goods. In the letter he advised Ben to telephone his decision to Cecilia, Arnold’s wife. Explain whether there is a valid contract between Arnold and Ben in the following Read More …
It is always necessary to communicate acceptance of an offer to the other party to the contract. Explain whether or not you agree with the above statement
It is always necessary to communicate acceptance of an offer to the other party to the contract. Explain whether or not you agree with the above statement ANSWER Acceptance is one of the basic elements of a contract. Acceptance of Read More …
Outline the disabilities of a mentally disordered person in subject to
Outline the disabilities of a mentally disordered person in subject to ANSWER A mentally disordered person is subject to certain disabilities or incapacities for example. • Has no capacity to enter into a contract. • Has no capacity to have Read More …
Outline the disabilities of a mentally disordered person in subject to
Outline the disabilities of a mentally disordered person in subject to ANSWER A mentally disordered person is subject to certain disabilities or incapacities for example. • Has no capacity to enter into a contract. • Has no capacity to have Read More …
In relation to the law of persons outline six consequences of incorporation
In relation to the law of persons outline six consequences of incorporation ANSWER (a) Legal Personality Once an unincorporated association is incorporated it becomes a body corporate with rights and subject to obligations, with certain capacities and incapacities. This is Read More …
In relation to the administration of justice and law, in Kenya or your country, explain the composition and jurisdiction of the Resident Magistrate’s courts
In relation to the administration of justice and law, in Kenya or your country, explain the composition and jurisdiction of the Resident Magistrate’s courts ANSWER The Resident magistrate court • Establishment It is established by section 3 (I) of the Read More …
a) Define the term law in the strict sense of the word b) Explain eight sources of law in Kenya or you country
a) Define the term law in the strict sense of the word b) Explain eight sources of law in Kenya or you country ANSWER a) The term law has no assigned meaning. It has no specific definition. However, it has Read More …
Explain the following types of precedent: (i) Declaratory Precedent (ii) Original Precedent (iii) Distinguishing Precedent
Explain the following types of precedent: (i) Declaratory Precedent (ii) Original Precedent (iii) Distinguishing Precedent ANSWER i) Declaratory precedent This is the application of an existing principle or proposition of law in a subsequent case. ii) Original precedent This priniciple Read More …