Question Outline two ways in which a copyright might be infringed. Answer Infringement of copyright Piracy Photocopying Plagiarism Copying of song/music
Month: September 2020
LAW OF PROPERTY Question and Answer
Question In relation to the law of property, distinguish between the following terms: i) Ownership and possession. ii) Fee simple and leasehold. Answer In relation to the law of property, distinguish between the following terms: i) Ownership and possession. Read More …
LAW OF PROPERTY – Intellectual Property
Question Outline four advantages of registering an “invention” in the context of intellectual property. Answer Advantages of registering an invention:- To protect one’s invention from piracy. To reward the creative effort of the inventor. Acts as an incentive to Read More …
LAW OF PROPERTY – Copyright Law
Question The Copyright Law is meant to protect literary works. Outline six literary works that could be protected by the Copyright Law in your country. Answer Literary works that could be protected by the copy right law Novels, stories Read More …
NEGOTIABLE INSTRUMENTS – Bill of exchange Question and Answer
Question Discuss six rules governing presentment for payment of a bill of exchange. Answer Rules governing presentment of bill of exchange A bill must be presented for payment in order to make the drawer and endorsees liable on it. Read More …
NEGOTIABLE INSTRUMENTS – Bill of exchange
Question Briefly explain three uses of a bill of exchange Answer Uses of bill of exchange A bill of exchange provides a creditor with a better remedy, because, once it has been issued (or accepted where applicable) it settles Read More …
NEGOTIABLE INSTRUMENTS
Question Explain the term ‘promissory note’. Explain the characteristics of negotiable instruments. Answer Promissory note is an unconditional note in writing undertaking to pay a sum certain in money to the specified person Characteristics of negotiable instruments No Read More …
NEGOTIABLE INSTRUMENTS
Question In relation to negotiable instruments: i) Define the term “qualified acceptance”. ii) Highlight four forms of qualified acceptance. Answer i) Definition of qualified acceptance A qualified acceptance is one whereby some qualification is introduced. ii) Forms of Read More …
NEGOTIABLE INSTRUMENTS
Question Define the following types of bills of exchange: i) Order bills. ii) Bearer bills. Answer (i) Order bills Is payable to order which is expressed to be so payable and does not indicate an intention that it should Read More …
NEGOTIABLE INSTRUMENTS – Bill of Exchange Question and Answer
Question Highlight six ways in which a bill of exchange might be discharged. Answer Highlight six ways in which a bill of exchange might be discharged. i) Payment in due course Payment in due course means payment made at Read More …