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Month: March 2025

Explain the conditions that have to be satisfied an applicant before an adoption order can be granted the court

Explain the conditions that have to be satisfied an applicant before an adoption order can be granted the court ANSWER The person adopting must have attained the age of 25 or be at least 21 years older than Read More …

CPA Business Law Revison

Explain three characteristics of a public company

Explain three characteristics of a public company ANSWER Characteristics of the public company Minimum a seven members but the maximum is unlimited Must have at least two directors Must obtain a certificate of trading in order to commence business. Is Read More …

CPA Business Law Revison

Explain the doctrine of independence of judiciary.

Explain the doctrine of independence of judiciary. ANSWER The phrase independence of the judiciary means that: There should be a distinct organ of government whose sole responsibility is administration of justice. This organ must be as impartial or unbiased or Read More …

CPA Business Law Revison

Explain five advantages of arbitration as a form of settling disputes

Explain five advantages of arbitration as a form of settling disputes ANSWER Advantages of arbitration Cheap –it costs less to see a case through arbitration Flexibility –arbitral tribunals are not bound previous awards or strict rules of procedure. Speed Read More …

CPA Business Law Revison

Custom is the oldest source of law. Explain the criteria which must be satisfied before a custom can be applicable as law

Custom is the oldest source of law. Explain the criteria which must be satisfied before a custom can be applicable as law ANSWER A custom is an embodiment of a principle of utility or justice that has commended itself. A Read More …

CPA Business Law Revison

Explain the key distinctions between common law and equity

Explain the key distinctions between common law and equity ANSWER Common Law Equity This is a branch of the Law of England which was developed the ancient common law courts from customs, usages and practices of the English people. Read More …

CPA Business Law Revison

Explain the difference between codification and consolidation of law and give examples of each

Explain the difference between codification and consolidation of law and give examples of each ANSWER Codification: This is the bringing together of all rules or principles of law in a particular field to constitute a single statute for example the Read More …

CPA Business Law Revison

Briefly state the various kinds of crossing on a cheque

Briefly state the various kinds of crossing on a cheque ANSWER A crossing consists of two parallel transverse lines on the face of the cheque. It is an instruction to the banker not to pay the proceeds of the cheque Read More …

CPA Business Law Revison

“A contract of insurance is a contract of “Uberrimae fidei (utmost good faith)”. Explain this statement

“A contract of insurance is a contract of “Uberrimae fidei (utmost good faith)”. Explain this statement ANSWER The contract of insurance is the Locus Classicus illustration of the so called contracts uberrimae fidei i.e. utmost good faith. It modifies the Read More …

CPA Business Law Revison

What liability is imposed on the seller of goods as regards their merchantable quality and their fitness for the purpose of those goods?

What liability is imposed on the seller of goods as regards their merchantable quality and their fitness for the purpose of those goods? ANSWER As a general rule, a seller of goods is not liable if the goods or not Read More …

CPA Business Law Revison

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  • Highlight the essentials of a contract for the sale of goods
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  • Explain the advantages of a private company over a public company
  • State and explain the contents of the memorandum of association
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  • Judicial Service Commission
  • Summarise the advantages of arbitration as a form of settling disputes
  • Define the term “delegated legislation” and discuss its advantages and disadvantages
  • Explain the requirements which local customs should fulfill in order to gain registration and enforcements the courts
  • Define the term source of law and outline the main sources of law
  • What are the duties of a principal towards the agent?
  • Ratification where the principal adopts an unauthorized act of his agent as his own. What are the conditions which must be fulfilled for ratification to be effective?
  • Distinguish a special agent from a general agent
  • With reference to the Occupiers Liability Act i) Define an occupier ii) Explain its main provisions in relation to liability of a person visiting a premises iii) Outline the general defences available to the occupier against liability to a trespasser
  • Define the mutual will and list the requirements which must be met to make its doctrine operate
  • Section 31 of the law of succession Act provides that a gift made in contemplation of death shall be valid despite there being no transfer. Explain the conditions which have to be fulfilled before such gifts can be valid
  • In relation of the law of succession, explain the following: (i) Doctrine of survivorship (ii) Administrator cum testamento annexo (iii) Administrator pendente lite
  • Define the term “domicile” and citing examples, explain three types of domicile
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  • In relation to law of property: Distinguish choses in action from choses in possession giving examples of each
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