CRM Q

(a) The directors of Kante Bank Plc intend to please the shareholders of the

bank by ensuring that they distribute all the profits of the bank as dividends

without any fund conservation. They plan to do that, so that shareholders

may vote to retain them in office. The bank's paid up capital is less than its

reserve.

Required

As the Company Secretary of Kante Bank Plc, with knowledge of the Banks

and Other Financial Institutions Act, advise the bank on reserve funds.

(5 marks)

(b) Agents have some rights in law.

Required

State fiveof therights of an agent (5 marks)

(c) There are implied conditions in all contracts of sale of goods.

Required

Which conditions are implied where goods are sold by sample?

(3 marks)

(d) A hirer of goods has some remedies against the owner.

Required

State tworemedies of a hirer in a hire purchase contract (2 marks)

(e) A contract of insurance has elements of offer and acceptance.

Required

1. Explain briefly the making of offer and acceptance in insurance contract.
2. __________________ A defense stating that a defendant would not have committed a criminal act if he or she had possessed accurate knowledge of the law or the facts.
3. __________________ In criminal law, a condition in which an individual is coerced or induced by the wrongful act of another to commit a criminal act. May be used as a defense.
4. __________________ Condition in which an act, though criminal in other circumstances, may not be considered criminal because of the compelling force of the circumstances.
5. __________________ Evidence showing that, on the whole, it supports the fact in question. This burden of proof in a civil case is less than the criminal standard of beyond a reasonable doubt.
6. __________________ An assumption of a fact based on other facts.
7. __________________ A presumption that may be refuted by evidence.
8. __________________ A test for insanity stating that an accused cannot be found guilty for a criminal act if he or she is unable to control the actions leading to a crime even though the accused may have known the act was wrong.
9. __________________ Stress that occurs after forced sex. Now considered a posttraumatic stress disorder. Evidence of the syndrome is permitted in an increasing number of courts.
10. __________________ A term applied to people who kill someone else, often at that person's request, because of a terminal illness, considerable pain, or a debilitating handicap.
11. __________________ The condition that exists when a person consumes alcohol or other drugs to the extent that his or her mental or physical abilities are significantly affected.
12. __________________ Intoxication without choice or will, for example, when someone slips drugs into the food or drink of an unsuspecting person.
13. __________________ A disorder that some women experience after giving birth.
14. __________________ A syndrome arising from a cycle of abuse by a special person (often a parent or a spouse) that leads the battered person to perceive that violence against the offender is the only way to end the abuse. In some cases the battered person murders the batterer, and in some jurisdictions evidence of the battered person syndrome constitutes a defense to that murder.