Group discussion Questions

1.The appointment of a receiver is made by the mortgagee under an express power provided it is a mortgage the receiver collects rent profit and income relating to the property. Discuss the order in which the collected money by the receiver is applied.

2.In relation to the law of property discuss the appropriate ways in which the coownership of property may be terminated.

3.For a person to qualify as a holder in due course he must satisfy various condition. State the four condition that a person must satisfy in order to qualify a holder in due course.

4.With references to the law relating marine insurance explain the meaning of the term maritime perils and highlight the four matters that marine insurance policy must satisfy.

5.For a memorandum of the hirer purchase agreement to be enforceable it must contain certain information. Explain the type of such information that it must contain.

6.The hire purchase act implies some terms in every higher purchase agreement. One of these terms is merchantability .This is a condition that goods are of merchantable quality unless they are second hand. There is however some instances when this condition maybe dispensed with. Outline two of the instances when merchantability maybe dispensed with.

7.Sometimes a seller may not be paid for the good delivered and therefore he may exercise right of resale under certain circumstances. In relation to the above statement highlight various circumstances under which the unpaid seller might exercise the right to resale.

8.Transfer of property is governed by various rules. Summaries the four rules governing transfer of property.

9.There are various types of bill of exchange. Define the following bill of exchange, order bills and bear bills.

10.In relation to negotiable instruments define the term qualified acceptance and highlight forms of qualified acceptance