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+ past questions and counting.
- 0 Marks
BL – Nov 2012 – L1 – SA – Q19 – Contract Law
Identify the legal activity that an undischarged bankrupt is not incapacitated from doing.
Question
An undischarged bankrupt is NOT legally incapacitated to do ONE of the following:
A. To marry a wife
B. To be elected into an elective office
C. To be appointed to or to act in the office of a Justice of Peace
D. To be appointed as a trustee of a trust estate
E. To be admitted to serve on a governing board of a statutory institution
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- 1 Marks
BL – May 2014 – L1 – SA – Q11 – Contract Law
Identifying when the court may lift the veil of incorporation.
Question
Under the common law, the veil of incorporation will NOT be lifted where the company:
A. Has been formed for fraudulent or illegal purposes
B. Operates as an agent of shareholders
C. Trades with alien enemies
D. Engages in acts that are detrimental to public interest
E. Engages in completely ultra vires activities
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- Tags: Corporate Liability, Illegal Purpose, Lifting the Veil
- Level: Level 1
- Topic: Contract Law
- Series: MAY 2014
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- 1 Marks
BL – Nov 2021 – L1 – SA – Q11 – Contract Law
Identifying the type of contract negotiated on social media.
Question
Emeka and Ngozi negotiated and entered into a contract using Facebook throughout. What kind of contract is this?
A. Facebook contract
B. Unenforceable contract
C. Contract pending signature
D. Social media contract
E. Electronic contract
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- Tags: Contract Law, Electronic Contract, Social Media
- Level: Level 1
- Topic: Contract Law
- Series: NOV 2021
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- 6 Marks
BL – Nov 2023 – L1 – SB – Q5c – Contract Law
Advises on the legal implications of transferring bulk money from Canada to Nigeria under the Money Laundering (Prevention and Prohibition) Act.
Question
Oluwe family borrowed money to enable him (Oluwe) to travel to Canada in 2014 to study Medicine. After graduation, he stayed back in Canada to work. He now wants to transfer bulk money equivalent to US$15,000 to his family from Canada. One of the family members, Oghiei, has come to you to ask what he should do, considering the Money Laundering (Prevention and Prohibition) Act 2022.
Required:
State the legal position and advise Oghiei. (6 Marks)
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- Tags: Business Transactions, Data Purchasing, Database, Information Systems
- Level: Level 1
- Topic: Contract Law
- Series: NOV 2023
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- 10 Marks
BCL – Nov 2017 – L1 – Q3b – Contract Law, Tort
Explain the differences between contract law and tort law, including their definitions and key distinctions.
Question
b) Both tort and contract laws are considered part of the civil law (as opposed to criminal law). However, there are several differences between these two branches of civil law.
Required:
i) Explain law of contract and law of tort. (6 marks)
ii) State TWO differences between law of contract and law of tort. (4 marks)
(Total: 10 marks)
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- Tags: Civil Law, Contract Law, Legal Definitions, Tort
- Level: Level 1
- Topic: Contract Law, Tort
- Series: NOV 2017
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- 10 Marks
BCL – Nov 2017 – L1 – Q3a – Tort, Contract Law
Discuss whether an investor can take action against an investment company for negligent advice leading to financial loss.
Question
a) Bobo Company Limited puts up an advert in the ‘Daily Times’ newspaper inviting members of the public to purchase shares. Mr. Kobina Fosu, an investor, decided to purchase some of the shares. He consulted an investment firm to advise on whether or not he should purchase the shares of the company. The investment firm advised Mr. Kobina Fosu that the company was buoyant and that its capital base was strong and attractive. As a result, Mr. Kobina Fosu bought a substantial number of shares of the company. Two months after the purchase of the shares, however, the company went bankrupt.
Required:
What advice, if any, will you give to Mr. Kobina Fosu? (10 marks)
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- Tags: Duty of Care, Fiduciary Duty, Investment advice, Professional Negligence
- Level: Level 1
- Topic: Contract Law, Tort
- Series: NOV 2017
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- 12 Marks
BCL – Nov 2017 – L1 – Q2b – Tort, Contract Law
Advise on a case of professional negligence where incorrect business advice led to financial loss.
Question
b) Zealow & Associates is a consultancy firm of Accountants. Kingsley Gyeabour, a prospective businessman, has decided to establish a fuel filling station. He sought the professional advice of the consultancy firm, which advised that based on their assessment, the turnover for a day’s sale would be 1200 gallons of ordinary petrol and 1000 gallons of diesel. Relying on the firm’s statement, Gyeabour established the filling station. He later realized that the actual turnover was 100 gallons of petrol and 200 gallons of diesel. Gyeabour intends to sue and seeks your advice.
Required:
Advise Gyeabour. (12 marks)
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- 8 Marks
BCL – Nov 2017 – L1 – Q2a – Contract Law
Distinguish between an invitation to treat and an offer, and provide examples of an invitation to treat.
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- Tags: Contract Law, Invitation to Treat, Legal Definitions, Offer
- Level: Level 1
- Topic: Contract Law
- Series: NOV 2017
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- 4 Marks
BCL – Mar 2023 – L1 – Q2b – Contract Law
Explain the options available to a purchaser misled by fraudulent misrepresentation.
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- Tags: Contract Law, Fraudulent Misrepresentation, Remedies
- Level: Level 1
- Topic: Contract Law
- Series: MAR 2023
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- 10 Marks
BCL – Mar 2023 – L1 – Q2a – Contract Law
Discuss the applicability of exclusion clauses and essential elements of negligence in a business contract.
Question
Mr. and Mrs. Michel booked in for a week’s stay at a Hotel De-Horses. There was a notice in the bedroom which stated that “the proprietors will not be responsible for articles lost or stolen unless handed to the manageress for safe custody.” A stranger gained access to the room of the Michels and stole Mrs. Michel’s wedding ring and ornaments. The owners of the hotel have denied being liable. The Michels have decided to take action against the hotel.
Required:
i) Explain whether Management of the Hotel De-Horses can rely on the concept of exclusion clauses in business contracts to defend itself.
(4 marks)
ii) Assuming that the stranger gained access because the Michels did not lock their door, identify THREE (3) essential elements of negligence that must be proven by Management of Hotel De-Horses.
(6 marks)
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- Tags: Business Contracts, Exclusion Clauses, Negligence
- Level: Level 1
- Topic: Contract Law
- Series: MAR 2023
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