Business Law (MANM3103)
Faculty of Economics and Management Science (FEMS)
Semester: First Semester
Level: 300
Year: 2019
BUSINESS LAW EXAMINATION 2019
FEMS: OPTIONS- ACCOUNTANCY and MANAGEMENT
TIME: 2 Hours
INSTRUCTIONS: ANSWER ALL QUESTIONS; BE ORDERLY, PRECISE AND CONCISE.
SECTION A
1) A minor in Business law can be
a) Surety b) Agent c) Partner d) All of the above. (1 mark)
2) An Agreement that is caused by fraud, misrepresentation and coercion is
a) Voidable b) Partially void c) Valid d) All of the above e) None of the above (1 mark)
3) Consideration can simply be explained as
a) Profit b) Income c) Benefits d) Acceptance e) (1 mark)
4) 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. (1 mark)
5) Is the statement "do you want to buy this car of mine?" an offer or an invitation to treat? (1 mark)
[6) State three categories of persons that are incompetent to contract and three categories of persons
restrain by incompatibility to trade. (2mks)
SECTION B
1. How important is Business law to the Cameroonian economy (5mks)
2. Discuss and analyzed ways by which a business contract may be discharged?( 5mks)
3. How can a minor repudiate a contract and what is the position of the Law to that effect?(5mks)
SECTION C
Part II: Case Study
Joe was recruited on January 1
st
, 2015, in "Tantapion SPLC", one of the biggest Simplified Public Limited
Company located in Bamenda to serve as a marketer with a salary of 600 000 FCFA. On the January 1
st
,
2018, he went late to his job and was dismissed. He is claiming 80 000 000 CFA to the company as special
and general damages for unlawful termination of his contract. The company is alleging that it is too much.
After investigations, Joe was informed that you have a good knowledge in business law that is way he
solicits your help in the following issues:
1) The nature of the contract he signed since tenure was not fixed in advance. 3Mks
2) What is the appropriate instance Joe can seize to lodge his complaint? 2Mks
3) He wishes to know if
a- the matter can be referred to an arbitral tribunal (justify your answer) 2Mks
b- The correct appellation of the decision taken by an arbitral tribunal. 2 Mks
4) He wishes to know which court is competent territorially to hear the matter. 2Mks
5) What is the position of the Uniform Act on Commercial Companies on the creation of a Private Limited
Company and if spouses can be shareholders in that type of company. 2Mks
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