DBM 011 BUSINESS LAW

 

MAASAI MARA UNIVERSITY
REGULAR UNIVERSITY EXAMINATIONS
2018/2019 ACADEMIC YEAR
FIRST YEAR SECOND SEMESTER
SCHOOL OF BUSINESS AND ECONOMICS
DIPLOMA IN BUSINESS MANAGEMENT
COURSE CODE: DBM 011
COURSE TITLE: BUSINESS LAW

DATE: 19TH AUGUST, 2019 TIME: 0830-1030 HRS
INSTRUCTIONS TO CANDIDATES
Answer Question ONE and any other THREE questions
This paper consists of TWO printed pages. Please turn over.
QUESTION 1
a) Discuss five sources law as identified by judicature act (10 marks)
b) Define the term Delegated legislation and outline its advantages
(10 marks)
c) Law is very vital to any business environment, Discuss.(5marks)
QUESTION TWO
a) Outline the difference between the civil and criminal law.(5 marks)
b) Describe five essentials of a valid bill of exchange (10 marks)
QUESTION THREE
a) Discuss the elements of a valid business contract (10 marks)
b) A contract to be valid it must be accepted by the offeree, Name five rules
of acceptance (5 marks)
QUESTION FOUR
a) Under the law of tort outline the elements of negligence (5 marks)
b) Discuss the requirement of a hire purchase agreement (10 marks)
QUESTION FIVE
a) In the context of the law of agency, explain the meaning of term “agent”
(5 marks)
b) Explain five ways through which authority of an agent might be revoked
by operation of the law. (10 marks)
QUESTION SIX
Discuss five circumstances under which a non- owner of goods can pass a
valid title to the buyer in sale of good contract (15marks)

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