MAASAI MARA UNIVERSITY
REGULAR UNIVERSITY EXAMINATIONS
2014/2015 ACADEMIC YEAR
FIRST YEAR FIRST SEMESTER
SCHOOL OF BUSINESS AND ECONOMICS
DIPLOMA IN BUSINESS MANAGEMENT
COURSE CODE: CHR 104
COURSE TITLE: BUSINESS LAW
DATE: 3RD SEPTEMBER 2015 TIME: 2.00PM – 4.00PM
INSTRUCTIONS TO CANDIDATES
Answer Questions ONE and any other TWO questions
This paper consists of 2 printed pages. Please turn over
Q. 1. (a). Examine the objects of business law. ( 5mrks)
(b). Discuss five essentials and methods of terminating a valid contract. ( 15 mrks)
(c) . Examine any five duties of an agent to the principal. ( 5 mrks)
Q.2. Discuss the differences between a sale and an agreement to sale. ( 15 mrks)
Q.3. Write short notes on the following:
(i). patent laws ( 3.5 mrks)
(ii). Trade marks (4 mrks)
(iii). Copy rights ( 4 mrks)
(iv). Employment contract ( 3.5 mrks)
Q.4. Explain parties who may be adjudged bankrupt. ( 15 mrks)
Q.5. Explain the concept on the formation and termination of corporations.
( 15 mrks).
SUPPLEMENTARY EXAMINATION:
INSTRUCTIONS TO THE CANDIDATES: ANSWER QUESTION ONE AND ANY OTHER TWO.
Q.1. (a). Explain remedies available to parties as a result of breach of a contract. ( 7mrks)
(b). Distinguish between a contract of sale and a contract of work and material. ( 4 mrks)
( c ). Explain five essentials of a contract of employment. ( 4 mrks)
Q.2. Examine any five types of insurance concepts. (15 mrks)
Q.3. Discuss in details the concept of intellectual property rights. ( 15 mrks)
Q.4. Define and explain any three types of negotiable instruments. ( 15 mrks)
Q.5.Examine any five acts of bankruptcy. ( 15 mrks)
