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BBUN2103 Business Law

tag 0 Download 9 Pages / 2,014 Words tag 26-07-2021


This course is divided into 9 topics. The synopsis for each topic is presented below will introduce you to all the relevant issues involving the essentials elements of a contract and problems arising from a contract lacking any of the elements.
elucidate on the principles regarding void and voidable contracts. You shall be shown the main differences between these two types of contracts which have been affected by certain elements which could affect the validity of a contract. 

Topic 4 gives attention to the sale of goods. This topic will focus on the terms applicable, concept of transfer of ownership, performance of contract for sale of goods, rights of unpaid seller and remedies available in case of breach.
Topic 5 is on hire purchase. This topic discusses procedures for the formation of hire purchase agreements, implied terms in such agreements, liabilities of an owner and seller for misrepresentation, rights and liabilities of hirer as well as
the procedures involved for repossession by owner.

Topic 6 moves on to explain concepts involved in insurance law. Among the principles of insurance contract which will be discussed are principles of subrogation, the concept of insurable interests, material facts in the contract, basis of contract clause as well as conditions and exception clauses.covers the topic on negotiable instruments. In this topic the discussions shall focus on the salient points regarding bills of exchange, concept of negotiability, acceptance,endorsements and bill delivery. You shall then be familiarised with rules governing payments, forms of cheques, crossing and alteration of cheques, provisions protecting paying and collecting banker and procedures for termination of bankÊs authority to make payments.

involves a discussion on agency. You will look at how an agency is created and the duties and obligations of an agent. Further, you will study the process involved in the termination of an agency.provides a detailed discussion on partnership. It will focus on factors which will determine the existence of a partnership, liabilities and duties of the partners and the process of dissolution of a partnership. 
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Total 9 pages

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