a)What are the different types of Liquidation and who may commence proceedings?(5 Marks)

b)Outline anyFIVErights of a member in a company.(5 Marks)

c)As part of their expansion strategy, Jumia made allotment of shares in a quest to raise additional capital. They have stated that they sell the most recent CORE i7 technology laptops on offer to students in various universities in Kenya. As part of their promotion, they tell buyers that the laptops are brand new, when in fact they are five-years-old with prior users. Jumia were unaware of the laptop's history.

i.Describe the legal dilemma Jumia may find themselves in (if any) (3 Marks)

ii.Describe the remedy available to anyone purchasing the said laptops (3 Marks)

iii.Under what circumstances will the remedy above be lost (4 Marks)