Business Law Exam

Jigjiga University School of Law,Business Law Final Axam
for Accounting Diploma Students,2010/11 Academic Year

Course Title: Business Law
Credit Hour: 3(Three)
Semester: I(First)
Time Allowed: 1:35 hours
Maximum Mark: 60%
Instructions:-
 Write only your ID NO on the top of each page of the answer sheet.
 The exam is closed book exam, so you are not allowed to use any material.
 The exam contains different items, so attempt all the questions under each items, except the
bonus part which you are expected to attempt only one question.
 Be neat and to the point(short and precise answer is appreciated).
 Opening any text messages via Cell Phone in the exam room may result in total cancellation of
your grades, regardless of the contents of text massages.
 More over any form of cheating or letting other cheat entails grave penalty.
Good luck!!!!!!!!
Part one, Multiple Choice Type Questions (
1. Of the following elements of contracts, which one is not a mandatory requirement under the most of daily made
contracts as per Ethiopian laws of contract?
A. consent B. capacity C. object D. form E. all are always required F. non of the above
2. A strong and precise invitation made by one of the contracting party to inter in to contract to another
contracting party is termed as
A. offer B. counter offer C. acceptance D. all of the above E non of the above
3. One of the following is not the ground by which an offer ends by the acts of the parties
A. rejection B. counter offer C. revocation D. lapse of time E. all of the above F. non of the above
4. For a mistake to invalidate the contract, it should be
A, decisive B. fundamental C. related to the nature or the object of the contract D. all E. none
5. Which one is different from among the following terms?
A, Duress B, Threat to exercise right C, Reverential fear D. Unconscionability E. none
6. Which one of the following contract do you think that needs written form for its validity?
A. contracts related to immovable property B. contracts made with public authorities
C. contracts made for long period of time D. preliminary contracts E. all F. all except D
7. The debtor should deliver the exact thing, which s/he agreed to deliver in the contract and s/he has no right to
choose except:
A. fungible things B. things that easily substitute for each other C. generic products D. all of the above E. none
8. In principle, guardians and tutors are considered as the agents of minors. What do you think that the source of
such form of agency?
A. law B, contract c. court decision. D. B&C E. none of the above
9. Of the following acts, which one is not considered as acts of management performed by the agent who have
general agency?
A. Collection of debts and discharging of debts B. Sale of crops and other perishable goods
C. Lease for the term less than three years D. Sale of immovable’s E. All F. None
10. From the view points of knowledge’s of third parties agency relationship may classified as
A. actual and apparent B. disclosed and undisclosed C. general and specific D. none E non of the above
11. Of the following different modes of sale, which one is recognized under the Ethiopian law of sale?
A. sale by sample B. sale on trial C. sale with ownership reserved D. sale with the right to redemption E. all
12. Among different modes of delivery recognized under the Ethiopian laws of sale, which one do you think that,
resulted in total transfer of both the corpus and the animus elements of the thing purchased to the buyer?
A. actual delivery B. constructive delivery C. transfer of title deeds evidencing the thing sold D. A&C E. all
Part two. True/ False Type Questions (6%)

13. An agency relationship exists, only when the agent agrees to represent the principal.
…………………………………………
14. In apparent authority, legal bond may or may not be created between Principal and Third party. …………………
15. Contract of sale does not have any special feature, which make it different from law of contract. …………………
16. In contract of sale quality of a thing sold, time and place of delivery can be determined by contracting parties
at any time they want. ……………………..
17. In contract, only the debtor of such contract should perform contractual agreement. ……………………………..
18. In civil transactions, we do have some two sources of obligations. ……………………..
Part three, Fill in the Blank Type Questions (10%)

1. The three forms of commission agency are:
a. ______________________________________________ b. ______________________________________
c. _______________________________________________________________________________________
2. The kind of agent that guarantee the performance of the contract on behalf of the principal is termed as
_________________________
3. The two documents, frequently used by traders involving in international trade, relating to security of payments
are ______________________________________and_________________________________________________
4. Remedies of non performance basically involves three important alternative solutions. State these options.
a. ______________________________________________________________________
b. ______________________________________________________________________
c. ______________________________________________________________________
5. when the agent acts under the power of attorney whose period is lapsed or revoked, this kind of agency is
termed as__________________________________
Part four, Essay Type Questions (10%)

1. Define the concept agency and vividly explain the sources and different forms of agency (3%)
2. Discuss elements of contracts of sale and briefly explain rights and duties of the seller and the buyer (3%)
3. Briefly explain why the agency relationship is needed (4%)
Part five : Bonus .

Please attempt only one of the following questions, each question carry deferent marks, so it is up to you to
select the question, which you trust, that you can do well.
1. The Ethiopian Commercial law prohibits some persons to engage in trading activities. Who are such persons
and why they are prohibited? (3%)
2. State the three kinds of commission agency recognized under the Ethiopian law of agency and show their
differences (5%)

Business Law Exam

Uploaded by

Copyright:

Available Formats

Business Law Exam

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Business Law Exam

Uploaded by

Copyright:

Available Formats

Jigjiga University School of Law,Business Law Final Axam

for Accounting Diploma Students,2010/11 Academic Year

Part two. True/ False Type Questions (6%)

Part three, Fill in the Blank Type Questions (10%)

Part four, Essay Type Questions (10%)

Part five : Bonus .

You might also like

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.