Question
TOPIC; Law 1. Under the hire purchase act, certain provisions are deemed void if contained in the hire purchase agreement. With reference to the above
TOPIC; Law
1. 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.
2. For a hire purchase agreement to be enforceable, it must contain certain requirements. With reference to the above statement, explain these requirements.
3. Where goods have been let under a hire purchase agreement and two-thirds of the hire purchase price has been paid the owner shall not enforce any right to recover possession of goods from the hirer otherwise than by suit. Explain three consequences of contravention of the above provision by the owner.
4. One of the important legal maxims in the application of the law of agency is expressed as;" A delegate cannot further delegate." In relation to the above statement, discuss five circumstances under which an agent might appoint a sub agent.
5. The hire purchase act implies some terms in every hire purchase agreement. One of these terms is merchantability. This is a condition that the goods are of merchantable quality unless they are second hand. There are however some instances when this condition may be dispensed with. Outline two of the instances when merchantability may be dispensed with.
6. In law of agency, it mainly focuses on the relationship between the principal and the agent who acts on his behalf; therefore, explain three conditions that should be fulfilled for agency by necessity to arise.
7. A partnership is a contract based on more than two people with different business idea coming together. Summarize four conditions that must be met before a partner in a firm could bind other partners in transactions with third parties.
8. Environment and land are emerging issues and trends in the state economy due to so discuss four areas of jurisdiction of the environment and land court in your country.
9. Law deals with the rules and regulation that govern the morals and principles of human behavior. They are set and should be abided by the society at large. Explain the relationship between law and morality.
10. Equity is a virtue that is needed mostly in daily practices since it enhances justice and fairness to the society and legal practices in sources of law. Highlight three contributions of equity to the development of the legal system.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started