KASNEB Certified Public Accountant (CPA) INTRODUCTION TO LA !

ue"tion Pa#er E$a% Na%e& INTRODUCTION TO LA Cour"e& Certified Public Accountant (CPA) In"titution'Board& KASNEB E$a% (ear& %a) *+,, KASNEB CPA PART , SECTION , CCP PART , SECTION , INTRODUCTION TO LA -RIDA(& *. /A( *+,,0 Ti%e allo1ed& 2 3our" An"1er an) -I4E 5ue"tion"0 All 5ue"tion" carr) e5ual %ar6"0 !UESTION ONE a) i) E$#lain t3e ter% 7international la180 (* %ar6") ii) Su%%ari"e ei93t %atter" t3at are dealt 1it3 under international la10 (: %ar6") b) i) E$#lain t1o cate9orie" of ;udicial #recedent0 (< %ar6") ii) Di"cu"" t3ree di"ad=anta9e" of ;udicial #recedent a" a "ource of la1 in )our countr)0 (> %ar6") !UESTION T O a) i) E$#lain t3e %eanin9 of t3e ter% ?arbitration@0 (< %ar6") ii) E$#lain t3ree ad=anta9e" of arbitration a" a for% of "ettle%ent of di"#ute" o=er t3e court #roce""0 (> %ar6") b) Di"cu"" t3e con"titutional conce#t of "e#aration of #o1er" in )our countr)0 (,+ %ar6") !UESTION TAREE a) Banet Ra%aC a bu"ine"" lad)C "ent a tele#3one %e""a9e to /ar) 6ale a fello1 bu"ine"" lad)C accu"in9 3er of 8"tealin98 3er client"0 T3e %e""a9e contained abu"i=e 1ord" to t3e effect t3at /ar) 6ale 1a" 8 a 1itc3 713o u"e" 73erb"8 and 71itc3craft8 to lure cu"to%er" to 3er "aloon and bouti5ue0 In addition to "endin9 t3e %e""a9e to /ar) 6aleC Banet Ra%a "ent t3e "a%e %e""a9e to "e=eral cu"to%er" of /ar) 6ale0 A" a re"ultC /ar) 6ale 3a" lo"t %an) of 3er cu"to%er" and 3er bu"ine"" i" t3reatened 1it3 clo"ure0 All t3e content" of t3e %e""a9e 1ere fal"e0 /ar) 6ale 3a" co%e to )ou for le9al ad=ice0 re5uired& i) E$#lain to /ar) 6ale t3e ter% 7defa%ation80 (< %ar6")

ii) Ad=ice /ar) 6ale on 3er le9al ri93tC if an)0 (: %ar6") b) T3e 9eneral rule i" t3at %oti=e i" irrele=ant in t3e la1 of tort for #ur#o"e" of liabilit)0 E$#lain t3e e$ce#tion to t3i" rule0 (: %ar6") !UESTION -OUR a) Ai93li93t t3e rule t3at 9o=ern t3e ca#acitie" of #artie" to enter into le9all) bindin9 contract"0 (> %ar6") b) Citin9 rele=ant ca"e la1C e$#lain four rule" 9o=ernin9 re%otene"" and t3e %ea"ure of da%a9e" in t3e la1 of contract0 (: %ar6") c) De"cribe t3ree condition" nece""ar) for =alid ratification of a contract0 (> %ar6") !UESTION -I4E a) E$#lain four condition" 13ic3 are i%#lied in e=er) contract co=ered b) t3e "ale of 9ood" Act0 (: %ar6") b) Anal)"e t1o circu%"tance" under 13ic3 a "eller@" ri93t of lien %i93t be ter%inated0 (< %ar6") c) An) #er"on 13o 3a" been a##ointed to re#re"ent anot3er in dealin9" 1it3 t3ird #artie" i" an a9ent 0t3ere are 3o1e=er #er"on" 13o re9ularl) act for ot3er" in bu"ine"" tran"action" a" #rofe""ional a9ent"0 Di"cu"" four e$a%#le" of #rofe""ional a9ent"0 (: %ar6") !UESTION SID a) i) E$#lain t3e ter% 73ire #urc3a"e80 (* %ar6") ii) Nura Kara entered into a 3ire #urc3a"e contract 1it3 U;uEi trader" re9ardin9 a "e1in9 %ac3ine0 T3e 3ire #urc3a"e #rice of t3e "e1in9 %ac3ine 1a" "30 ,+0+++0 Nura Kara 3a" #aid a total of "30 :C+++ but i" facin9 financial difficultie" and i" in arrear" for t1o %ont3"0 T3e 3ire #urc3a"e co%#an) 3a" re#o""e""ed t3e %ac3ine0 Nura Kara i" a99rie=ed0 E$#lain t3e le9al #rinci#le" a##licable in t3i" ca"e and ad=i"e Nura Kara0 (> %ar6") b) di"cu"" "i$ rule" 9o=ernin9 #re"ent%ent for #a)%ent of a bill of e$c3an9e0 (,* %ar6") !UESTION SE4EN a) In relation to t3e la1 of #ro#ert)C de"cribe fi=e c3aracteri"tic" of co#)ri93t0 (,+ %ar6") b) Di"cu"" fi=e le9al re%edie" of a %ort9a9ee a9ain"t a defaultin9 %ort9a9or0 (,+ %ar6")