Reference no: EM132929614

Questions

1. Explain two ways through which the sellers right of stoppage in transit could be exercised

2. Explain the rules governing the passing of risk in a sale of goods contract. Highlight the circumstances under which an agent would be allowed to delegate his authority An agent will usually act within his authority, but if the relationship with his principal is well established, he may occasionally act outside the authority if he feels the principal will subsequently ratify the agent's action. Discuss the effects of subsequent.

3. 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

4. Explain two differences between hire purchase and credit sale

5. Agnes purchased a sewing machine from high hopes ltd under hire purchase agreement. High hopes ltd did not disclose to agnes that the sewing machine was being let on second hand basis as it had been repossessed from another hirer. Agnes pure took possession of the sewing machine but on reaching home, she realises that it was not in a working condition. When agnes read the terms of the hire purchase again, she discovered that high hopes ltd had liability whatsoever. Analyse the legal principle applicable in the above case and advise agnes who intends to sue high hopes limited.

6. Explain three duties of a bailee in a bailment. Identify four legal consequences of non- registration of a hire purchase agreement

7. Distinguish in three ways between a hire purchase agreement and a condition sale of agreement

8. Identify three consequences of not registering a hire agreement. Distinguish between hire purchase agreement and a credit sale

9. For a hire purchase agreement to be enforceable, it must contain certain requirement with reference to the above statement, explain these requirement

10. Outline five provisions which govern termination of a hire purchase agreement by the hirer.