Category: Business Law/Commercial Law: Summary notes

Kenyan Court Structure The structure of Kenyan Courts Structure of the Courts The courts have power to hear and determine disputes, primarily of criminal and civil nature. Criminal cases are those in which the State prosecutes a person or an Open …

Business Law| Commercial Law| Introduction to Law notes Suitable for those studying Professional courses, Certificates, Diplomas, and Business Degrees Topics covered Business Law| Commercial Law Revision Questions and Answers 1 . THE NATURE AND SOURCES OF LAW – Click here Open …

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 Open …

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 Open …

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 Open …

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 Open …

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 Open …

Definition of contract. A contract may be defined as an agreement which the law recognizes as binding on the parties to it. The word binding is used, for there are some contracts which are valid but are not enforceable, e.g. Open …

Where one person transfers his property to another, the transferee becomes entitled to the rights of the transferor. Almost all the legal systems make provisions for the transfer of property owned or possessed by the deceased. Success-ion normally occurs either Open …

The Meaning of Property. Usually the word ‘property’ means the things which are capable of being owned, although they need not exist in tangible form. Hence in this sense the ‘property’ includes:  ‘Things in possession’ such as pens, books, desks, Open …