Reference no: EM132941104

Questions

1. Negotiable instruments are a written document representing money transferrable from one person to another by means of endorsement and so in accordance with that negotiable instruments, discuss three acts that might be held to amount to negligence on the part of collecting banker.

2. In the law of agency there are different actions that should be taken, with so explain five circumstances under which an agent's action which was initially unauthorized might be subsequently ratified by his principal so as to become binding.

3. Different categories of courts have different powers in their line of duty. Outline six special powers of the High court in addition to the jurisdictional ones identified in the constitution of your country.

4. Law of contract mainly is a legally binding agreement made by two or more parties. In relation to the law of contract definition, explain four ways in which a contract might be discharged.

5. Under the sales of goods act, there is supply chain and procurement modes of business under it. Outline four instances under which direct procurement might be used.

6. Partnership mainly involves an agreement between two or more people, therefore explain three types of disclosures that the partnership might make for it to succeed and work with ease.

7. Doctrine of separation of powers entails the powers of three organs of the state and must be clearly described in the constitution and they are to be exercised by different persons as laid in the constitution. Therefore, state four functions of executive.

8. With reference to the law of tort, defamation is the publication of a statement which reflects on a person's reputation and tends to lower him in the estimation of right-thinking members of the society. Discuss three essential aspects of the defense of fair comment in an action of defamation.

9. In administrative law, there are so many ways of so many ways of dispute resolution; arbitration as one of them is the settlement of any commercial dispute between two parties by one or more persons called the arbitrator. List six advantages of using arbitration in reaching a settlement in commercial disputes.

10. An insurance contract is where an insurer undertakes, in consideration for a sum of money known as premium paid by insured on happening of a specified future event. Elaborate on ways in which an insurance contract may come to an end or terminate.