Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a)Tom sells to John 100 quintals of grain nut of a large quantity lying in his store. John sells 60 quintals nut of those, the

a)Tom sells to John 100 quintals of grain nut of a large quantity lying in his store. John sells 60 quintals nut of those, the goods having not yet been ascertained to Jack. Jack forwarded delivery order from John to Tom, who informs Jack that he will send the grain in due course. John then becomes insolvent. Can Tom refuse to deliver the 60 quintals of grain to Jack? Give reasons for your answer(10 marks)

b)X and Y were carrying on a business, as partners. They admitted a minor (P) into the partnership for profit only. P gave Ksh. 100,000 as credit to the firm on 16th, July 1960, the date on which 'T' was still a minor. The firm was declared insolvent on 16th July 1961. P filed a suit against the firm after one year. On the same year 'T' also become major, however he has not given a notice to remain or not to remain a partner. In your opinion is T liable with X and Y to P? Give reasons.(10 marks)

c)Paul contracted to purchase timber from oak tree which belongs to Kimani. Paul marked out the selected parts of the tree. Kimani had to remove the rejected portions from the tree according to the custom of the trade. However, before this could be done, Kimani became bankrupt. Can Paul take away selected portion? Explain(10 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Law Text and Cases

Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Gaylord A. Jentz, F

11th Edition

324655223, 978-0324655223

More Books

Students also viewed these Law questions

Question

=+ b. How would the change you describe in part

Answered: 1 week ago