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Category: CPA Business Law Revison

CPA Business Law Revison

Explain the principle in the rule in Dunlop Pneumatic Tyre Co. Vs. Selfridge & Co. Ltd, (1915) and the exceptions thereof. 

Explain the principle in the rule in Dunlop Pneumatic Tyre Co. Vs. Selfridge & Co. Ltd, (1915) and the exceptions thereof. ANSWER The principle enunciated or applied in this case is the fundamental rule of privity of contract which is Read More …

CPA Business Law Revison

With reference to the nature and classification of law, differentiate between Law of succession and law of trust

With reference to the nature and classification of law, differentiate between Law of succession and law of trust ANSWER Law of Succession The law of succession is concerned with the disposition of property after death. It deals with the devolution Read More …

CPA Business Law Revison

With reference to the nature and classification of law, differentiate between Statute law and judicial precedent

With reference to the nature and classification of law, differentiate between Statute law and judicial precedent ANSWER Statute law Statute law is law made parliament directly. It creates new law where none existed or amends existing law. It creates Read More …

CPA Business Law Revison

With reference to the nature and classification of law, differentiate between Civil burden of proof and criminal burden of proof

With reference to the nature and classification of law, differentiate between Civil burden of proof and criminal burden of proof ANSWER Burden of proof in civil cases is borne the plaintiff i.e. it is the onus of the plaintiff Read More …

CPA Business Law Revison

With reference to the Law of Succession, write brief notes on the following: (a) Will (b) Probate (c) Codicil (d) Demonstrative legacy (e) General legacy (f) Pecuniary legacy (g) Special legacy

With reference to the Law of Succession, write brief notes on the following: (a) Will (b) Probate (c) Codicil (d) Demonstrative legacy (e) General legacy (f) Pecuniary legacy (g) Special legacy ANSWER (a) Will: This is the legal declaration Read More …

CPA Business Law Revison

Summarise the implied convenants a landlord in a lease agreement

Summarise the implied convenants a landlord in a lease agreement ANSWER To put the tenant in possession Not to derogate form grant Ensure that the premises are fit for the purposes for which it is let. Ensure quiet possession Read More …

CPA Business Law Revison

(i) Define an easement (ii) State and explain the characteristics of easements

(i) Define an easement (ii) State and explain the characteristics of easements ANSWER (i) Definition of an easement An easement has been defined as a right attached to a parcel of land which allows the proprietor of the land to Read More …

CPA Business Law Revison

A lease agreement usually contains implied terms on the part of the lessor and lessee. State the terms implied on the part of the lessee

A lease agreement usually contains implied terms on the part of the lessor and lessee. State the terms implied on the part of the lessee ANSWER Terms implied on the part on the lessee include: To pay the rent reserved Read More …

CPA Business Law Revison

In relation to the Law of Property, distinguish between real property and personal property

In relation to the Law of Property, distinguish between real property and personal property ANSWER Real property: This generally refers to immovable property or realty e.g. land which includes buildings and trees on it. Personal property: Generally refers to the Read More …

CPA Business Law Revison

In relation to the Sale of Goods Act, Explain four circumstances when a seller may give a better title to the buyer than he himself has in the goods

In relation to the Sale of Goods Act, Explain four circumstances when a seller may give a better title to the buyer than he himself has in the goods ANSWER This question is based on the exceptions to the common Read More …

CPA Business Law Revison

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