Business Law (MANM3103)
Faculty of Economics and Management Science (FEMS)
Semester: First Semester
Level: 300
Year: 2017
1. Business Law is also known as: a) trade law. b) Commercial Law. c) Mercantile law. d) all of
the above. (1mk)
2. State the difference between a void and a voidable contract (1mk)
3. Is the statement “do you want to buy a car of mine?” an offer or an invitation to treat? (1mk)
4. Identify six remedies available to the buyer or seller of goods under arbitration. (2mks)
5. With examples differentiate between service marks and collective marks. (1mk)
6. A proposal made in jest or excitement is a reasonable offer (true or false) (1mk)
7. Offers must be forwarded to get assent (true or false). (1mk)
8. Offer plus acceptance is equivalent to: a) agreement. b) Promise. c) Proposal. d) Contract.
(1mk)
9. State five ways in which the national courts act in support of arbitration. (2mks)
10. A mere promise to make a gift is enforceable at law (true or false) (1mk)
11. Consideration may be past, present or future but in English law past consideration is: a) best
b) present c) future d) is not good consideration (1mk)
12. State three categories of persons that are incompetent to contract and three categories of
persons restrain by incompatibility to trade. (2mks)
13. Identify the factors that hamper free consent (2mks)
14. Who can demand the performance of a contract? (1mk)
15. Quantum meruit literally means (1mk)
16. State at least 5 elements for the validity of a contract. (2mks)
17. State two ways in which a commercial trader can be identifies. (2mks)
18. What are the obligations of a trader? (2mks)
19. Identify four types of negotiable instruments you know giving each its importance. (2mks)
20. What is the difference between institutional arbitration and Ad hoc arbitration? (2mks)
21. What are the various types of intellectual property rights? (2mks)
22. State the forms of registered companies as stipulated by the US on commercial companies and
economic interest groups. (1mk)
23. Identify the relationship of a banker and customer under the various modes of commercial
transactions. (2mks)
24. How does the principle of proximate cause affect insurance claims? (1mk)
Bonus
25. What are the rights and duties of an employee? (2mks)
THE UNIVERSITY OF BAMENDA
FACULTY OF ECONOMICS AND MANAGEMENT SCIENCES
1
st
Semester Exam Course: Business Law
Credit Value:
Course Lecturers:
Time: Course Status: Date:
Venue: Instruction:
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