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Commercial Law Instructions: Questions 1 to 4 are short answer questions. Answer all FOUR (4) questions. Each question carries TEN (10) marks. Please cite relevant

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Instructions: Questions 1 to 4 are short answer questions. Answer all FOUR (4) questions. Each question carries TEN (10) marks. Please cite relevant case law and/or statute. Each answer should be between 40 to 60 words (estimated). Write your answers clearly on the answer sheet. Question 1 Charlie is not familiar with the common law system and does not know what is Precedent. Please explain to him the nature of precedent and offer an example

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