Question
Please be professional on the following questions. I will rate after my professor has rated my work next week. Link: https://corporatefinanceinstitute.com /knowledge/deals/consideration/ 1.explain two ways
Please be professional on the following questions.
I will rate after my professor has rated my work next week.
Link: https://corporatefinanceinstitute.com /knowledge/deals/consideration/
1.explain two ways through which the sellers right of stoppage in transit could be exercised
2.explain the rules governing the passing of risk in a sale of goods contract
Highlight the circumstances under which an agent would be allowed to delegate his authority
An agent will usually act within his authority, but if the relationship with his principal is well
established, he may occasionally act outside the authority if he feels the principal will
subsequently ratify the agent's action.
Discuss the effects of subsequent.
3. under the hire purchase act, certain provisions are deemed void if contained in the hire
purchase agreement
With reference to the above statement, explain three such provisions
4. explain two differences between hire purchase and credit sale
5.agnes purchased a sewing machine from high hopes ltd under hire purchase agreement. High
hopes ltd did not disclose to Agnes that the sewing machine was being let on second hand basis as
it had been repossessed from another hirer. Agnes pure took possession of the sewing machine
but on reaching home, she realises that it was not in a working condition.
When Agnes read the terms of the hire purchase again, she discovered that high hopes ltd had
liability whatsoever.
Analyse the legal principle applicable in the above case and advise Agnes who intends to sue high
hopes limited.
6. explain three duties of a bailee in a bailment
Identify four legal consequences of non- registration of a hire purchase agreement
7.distinguish in three ways between a hire purchase agreement and a condition sale of
agreement
8. identify three consequences of not registering a hire agreement
Distinguish between hire purchase agreement and a credit sale
9.for a hire purchase agreement to be enforceable, it must contain certain requirement with
reference to the above statement, explain these requirement
10.outline five provisions which govern termination of a hire purchase agreement by the hirer.
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