Questions

1. Milka and joseph are partners carrying on a business in the name and style of moja enterprises. Joseph has nevertheless set up a similar competing business while retaining his partnership from moja enterprises.

Analyse the legal principle applicable in the above case and advise milka

2. Outline four types of partnership

Explain three types of disclosures that the partners in a partnership must make

3. Describe three rules governing the liability of a retiring partner in the law of partnership

4.Enumerate four rights of an indemnity holder in a contract of indemnity

5.State six circumstances under which a contract of guarantee might be declared void

6. Explain two instances when the guarantor will not be held liable on the principal debt

7, Identify three types of rights that a surety could enforce against a creditor in a contract of guarantee

8.Discuss four circumstances under which a guarantor would be discharged

9.Highlight five duties of an insurer in a contract of insurance

State five ways through which an insurance contract might be terminated

10. Summarise three basic principles of insurance

Explain the meaning of the principle of double insurance