Educational Resources for All
Mwangi has stolen some goods from Simiyu. The police prosecute Mwangi for theft and Simiyu sues him for the return of the goods. (i) Explain under what law the action by the police will be based. (2 marks) (ii) In Read more
Kamau advertised the sale of his farm. He was approached by Keter who wanted to buy the farm. In the course of negotiating the price. Keter asked Kamau how many sheep could be reared on the farm and Kamau replied, Read more
By incorporating a partnership, it becomes a company limited by shares and certain advantages accrue there from: • Limited Liability: members liability for debts and other obligations is limited by shares. They are not liable to pay more. • Perpetual Read more
Under the provisions of the Bills of Exchange Act, • A bill of itself does not operate as an assignment of funds in the hands of the drawee available for payment of the bill. The drawee of a bill who Read more
Property in goods passes to the buyer at different times in different contracts hence the passage of property is governed by the following rules: • Sale of unascertained goods Under section 18 of the Act, where there is a contract Read more
• It is the essence of the contract of the sale of goods that property in the goods pass to the buyer. • It determines when risk in the goods pass to the buyer hence the party is liable in Read more
• Cannot withdraw or receive back his interest during the currency of the firm. • May not take part in the management of the firms business. If he does, he becomes a general partner for the duration he acted and Read more
Under the provisions of the Limited Partnership Act a limited partnership must be registered with the registrar of companies. To facilitate registration, a memorandum containing the following particulars must be delivered to the registrar: o Name of the firm o Read more
• Cross offers This is a phenomenon whereby a party submits an offer to another who has already dispatched a similar offer and two offers cross in the course of transmission. No agreement arises between the parties for lack of Read more
This statement is a correct observation of the prevailing circumstances. This is because in the first instance parliamentary safeguards or mechanisms are ineffective. • Parliament delegates legislative power to specific persons or bodies, for example governments, ministers, professional bodies, local Read more