MAASAI MARA UNIVERSITY
REGULAR UNIVERSITY EXAMINATIONS 2013/2014 ACADEMIC YEAR
SECOND YEAR FIRST SEMESTER
SCHOOL OF BUSINESS AND ECONOMICS
DIPLOMA IN BUSINESS MANAGEMENT
COURSE CODE: DBM 011
COURSE TITLE: BUSINESS LAW
DATE:17TH APRIL 2014 TIME: 2.00 – 4.30PM
INSTRUCTIONS TO CANDIDATES
Question ONE is compulsory
Answer any other THREE questions
This paper consists of 2 printed pages. Please turn over.
a) Discuss the way in which a contract is discharged
b) Discuss five principle of insurance 10 marks
Section 3 and 4 of the Judicature Act of Kenya of 1967 gives the sources of Kenya law. Discuss the source mentioned by the act and its applicability
OLUOCH a business man at Majengo sold a supercomputer to a student of Maasai Mara University, the student took the laptop and after using for some hours it was over heating and proved ineffective. He approaches you for an advice knowing that you have studied Business Law. According to the relevant principles of sale of goods, advice the student on his legal position 15 marks
Mistake as a vitiating factor renders a contract void ab initio.
Critically discuss the types of mistake and its implications.15 marks
Discuss the different types of torts and available defenses 15 marks
(a) Discuss the stages for a bankruptcy petition 8 marks
(b) To be declared bankrupt, it must be proved that you can’t pay your debts, manifested by a commission of an act of bankruptcy.