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Questions.

1. Ann and murage intend to enter into a lease agreement regarding the business premises. Explain Ann and Murage content of the standard lease agreement

2.State and explain the conditions that an inventor must fulfill before being registered as a patent.

3.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.

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

5.Vividly explain the meaning of the term mortgage and also outline the remedies of a legal mortgage.

6.A bill of exchange is unconditional writing from one person to another. State five essential elements of a valid bill of exchange.

7.In relation to negotiable instruments highlight various ways in which a bill may be discharged.

8.Presentation of a bill of exchange is governed by various rules. In relation to the above statement discuss the rules that govern the presentation of a bill of exchange.

9.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.

10.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.