Business Law (LAWC3107)
Higher Institute of Commerce and Management (HICM)
Semester: First Semester
Level: 300
Year: 2013
University of Bamenda
Higher Institute of Commerce and Management
Academic year 2012 - 2013
First semester exams of Business law duration: 2hours
Lecturers: Mrs. NOUKEU Sidonie, Mr. DOBGIMA Divine
Part: I 35 mark
Students shall answer any two questions in exercise one; and all questions in exercise 2 and 3.
Execisel:
1.
When a partner contributes either in cash or in kind for the creation of a company, what does he
receive from the company? 2mks
2.
What are the rights attached to a share? 2mks
3.
What is the nature of a share? 2mks
4.
What is the legal minimum of the face value of shares in the different companies? 2mks
5.
Is it possible to negotiate and transfer all kind of shares? 2mks
Exercise2:
1.
Who is a consumer? 4mks
2.
Distinguish between unfair and anti-competition. 4mks
3.
What are the three major rights of the consumer? 6mks
4.
Name three collective practices of anti-competition and, three practices of unfair competition. 6mks
Exercise3: case study
Three old friends: Joseph, Lum and Hagai decide to create a company where they will be unlimitedly
and jointly liable.
1)
What type of company can they create? 2mks
2)
What is meant by being unlimitedly and jointly liable? 2mks
3)
How will they share benefits knowing that the article of association doesn't say anything about
that? 2mks
/
4)
After sometime they decided to merge with another company in other to enhance their
productivity. What will become of the rights of the creditors of the deceased company? 2mks
5)
Differentiate between merger, transformation and partial transfer of assets. 3mks
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