Day: November 17, 2021

DISADVANTAGES OF RAIL TRANSPORT  Not flexible- It can only serve areas where there are railway lines Cannot be utilized while the tracks are being constructed unlike road transport-it has to be laid out in totality for it to be used. Read More …

CARRIAGE OF GOODS Carriage of goods, in law is the transportation of goods by land, sea, or air. The relevant law governs the rights, responsibilities, liabilities, and immunities of the carrier and of the persons employing the services of the carrier. Until Read More …

RIGHTS OF A HOLDER OF A BILL A bona fide holder acquires a defect-free title Right to sue on it in his own names Right to negotiate the bill unless the lost endorsement is restrictive. DUTIES OF THE HOLDER It Read More …

BILL OF EXCHANGE The law relating to Bills of Exchange in Kenya is contained in the Bill of Exchange Act1. This statute is a carbon copy of the English Bills of Exchange Act, (1882). It codifies the law relating to Read More …

PROTECTION OF PAYING BANKER Section 4(1) of the Kenyan Cheque Act provides that where a banker, in good faith and in the ordinary course of business, pays a prescribed instrument ( a cheque or draft) drawn on him to a Read More …

NEGOTIABLE INSTRUMENTS NATURE AND CHARACTERISTICS What is a negotiable instrument? This is a document which represents money and the title in passes to a bona fide transferee free from only defect. It is a chose in action. Negotiable instruments are Read More …