Q.1Bosco has a small shop in Mutendere Township of Lusaka selling groceries. He meets Patel, an investor from Mumbai, India who wants to join with any Zambia, so that they can do business together. His plan is to stay in Mumbai and send goods to Zambia, and receive funds realised from the sale. At the end of each financial year, a meeting could be arranged and weigh how the business has fared, and chart the way forward.

As a student of Business law, advise him on the possible business associations in Zambia, which may suit his proposal and their advantages.

Q.2Commerce Bank (Zambia) Limited is an International Bank incorporated in Zambia in the early 1990s. Like many other banks, it boosts its clientele with different banking packages, such as high interest rates. However, it is forced to close by the Bank of Zambia because of being run in a corrupt and dishonest manner. Two of its former employees fail to find employment elsewhere. They are stigmatized because of their association with the bank.

They have approached you for advice, what would you tell them?