Commercial Transactions

BCL – Nov 2024 – L1 – Q4a – Agency of Necessity

Legal implications of an agent acting in necessity during a curfew.

Question

Ozoozo is a cargo driving agent of Oforiwa, a trader. Ozoozo loaded a truck of yam from Kutunada for delivery to Oforiwa in Accra. In the course of the journey and at Butako township, a curfew was imposed as a result of chieftaincy issues in the traditional area. He tried to communicate with Oforiwa but he was unable to do so due to network challenges. Ozoozo found it useful to off-load the cargo of yam and dispose of it by sale. He accounted for the sale but Oforiwa became furious.

Required:
Advise Oforiwa.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Agency Law, Commercial Transactions, Emergency Contracts, Necessity Doctrine, Principal-Agent Relationship
Level: Level 1

Topic: Agency Law
Series: Nov 2024

BL – Nov 2015 – L2 – SB – Q6d – Agency Law

List four types of agents involved in agency relationships.

Question

Agency relationships are important for effective national and transnational commercial transactions. The categories of agencies are as diverse as the categories of available businesses.

Required:

State FOUR types of agents.
(4 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Agency Relationships, Commercial Transactions, Types of Agents
Level: Level 1

Topic: Agency Law
Series: NOV 2015

BL – Nov 2015 – L2 – SB – Q6b – Hire Purchase and Consumer Credit Transactions

Explain two rights of a hirer under a hire purchase transaction.

Question

It is possible for a person to have possession of a property when he has not fully paid for it. Such a facility is possible through hire purchase as a form of commercial transaction.

Required:

Explain TWO rights of a hirer under a hire purchase transaction.
(4 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Commercial Transactions, Hire Purchase, Hirer Rights
Level: Level 1

Topic: Hire Purchase and Consumer Credit Transactions
Series: NOV 2015

BL – May 2021 – L1 – SA – Q14 – Sale of Goods

Identifying the item that is not a subject matter of a sale of goods contract.

Question

Which of the following is not a subject matter of a sale of goods contract?

A. Motor car
B. Ascertained goods
C. Unascertained goods
D. Specific goods
E. Personality

Answer

Find Related Questions by Tags, levels, etc.

Tags: Commercial Transactions, Contracts, Sale of Goods
Level: Level 1

Topic: Sale of Goods
Series: MAY 2021

FA – Mar/July 2020 – L1 – SB – Q2a – Recording Financial Transactions (Including Source Documents, Books of Prime Entry, and Cash Books)

Explanation and examples of source documents used in commercial transactions.

Question

Explain what is meant by source documents and outline FOUR source documents used in commercial transactions. (4 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Commercial Transactions, Source Documents
Level: Level 1

BCL – Nov 2024 – L1 – Q4a – Agency of Necessity

Legal implications of an agent acting in necessity during a curfew.

Question

Required:
Advise Oforiwa.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Agency Law, Commercial Transactions, Emergency Contracts, Necessity Doctrine, Principal-Agent Relationship
Level: Level 1

Topic: Agency Law
Series: Nov 2024

BL – Nov 2015 – L2 – SB – Q6d – Agency Law

List four types of agents involved in agency relationships.

Question

Agency relationships are important for effective national and transnational commercial transactions. The categories of agencies are as diverse as the categories of available businesses.

Required:

State FOUR types of agents.
(4 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Agency Relationships, Commercial Transactions, Types of Agents
Level: Level 1

Topic: Agency Law
Series: NOV 2015

BL – Nov 2015 – L2 – SB – Q6b – Hire Purchase and Consumer Credit Transactions

Explain two rights of a hirer under a hire purchase transaction.

Question

It is possible for a person to have possession of a property when he has not fully paid for it. Such a facility is possible through hire purchase as a form of commercial transaction.

Required:

Explain TWO rights of a hirer under a hire purchase transaction.
(4 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Commercial Transactions, Hire Purchase, Hirer Rights
Level: Level 1

Topic: Hire Purchase and Consumer Credit Transactions
Series: NOV 2015

BL – May 2021 – L1 – SA – Q14 – Sale of Goods

Identifying the item that is not a subject matter of a sale of goods contract.

Question

Which of the following is not a subject matter of a sale of goods contract?

A. Motor car
B. Ascertained goods
C. Unascertained goods
D. Specific goods
E. Personality

Answer

Find Related Questions by Tags, levels, etc.

Tags: Commercial Transactions, Contracts, Sale of Goods
Level: Level 1

Topic: Sale of Goods
Series: MAY 2021

FA – Mar/July 2020 – L1 – SB – Q2a – Recording Financial Transactions (Including Source Documents, Books of Prime Entry, and Cash Books)

Explanation and examples of source documents used in commercial transactions.

Question

Explain what is meant by source documents and outline FOUR source documents used in commercial transactions. (4 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Commercial Transactions, Source Documents
Level: Level 1

Question Tag: Commercial Transactions

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

BCL – Nov 2024 – L1 – Q4a – Agency of Necessity

Legal implications of an agent acting in necessity during a curfew.

BL – Nov 2015 – L2 – SB – Q6d – Agency Law

List four types of agents involved in agency relationships.

BL – Nov 2015 – L2 – SB – Q6b – Hire Purchase and Consumer Credit Transactions

Explain two rights of a hirer under a hire purchase transaction.

BL – May 2021 – L1 – SA – Q14 – Sale of Goods

Identifying the item that is not a subject matter of a sale of goods contract.

FA – Mar/July 2020 – L1 – SB – Q2a – Recording Financial Transactions (Including Source Documents, Books of Prime Entry, and Cash Books)

Explanation and examples of source documents used in commercial transactions.

BCL – Nov 2024 – L1 – Q4a – Agency of Necessity

Legal implications of an agent acting in necessity during a curfew.

BL – Nov 2015 – L2 – SB – Q6d – Agency Law

List four types of agents involved in agency relationships.

BL – Nov 2015 – L2 – SB – Q6b – Hire Purchase and Consumer Credit Transactions

Explain two rights of a hirer under a hire purchase transaction.

BL – May 2021 – L1 – SA – Q14 – Sale of Goods

Identifying the item that is not a subject matter of a sale of goods contract.

FA – Mar/July 2020 – L1 – SB – Q2a – Recording Financial Transactions (Including Source Documents, Books of Prime Entry, and Cash Books)

Explanation and examples of source documents used in commercial transactions.

Our offerings

Contact Info

Customer

Get In Touch

Question Tag: Commercial Transactions

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

BCL – Nov 2024 – L1 – Q4a – Agency of Necessity

Legal implications of an agent acting in necessity during a curfew.

You're reporting an error for "BCL – Nov 2024 – L1 – Q4a – Agency of Necessity"

BL – Nov 2015 – L2 – SB – Q6d – Agency Law

List four types of agents involved in agency relationships.

You're reporting an error for "BL – Nov 2015 – L2 – SB – Q6d – Agency Law"

BL – Nov 2015 – L2 – SB – Q6b – Hire Purchase and Consumer Credit Transactions

Explain two rights of a hirer under a hire purchase transaction.

You're reporting an error for "BL – Nov 2015 – L2 – SB – Q6b – Hire Purchase and Consumer Credit Transactions"

BL – May 2021 – L1 – SA – Q14 – Sale of Goods

Identifying the item that is not a subject matter of a sale of goods contract.

You're reporting an error for "BL – May 2021 – L1 – SA – Q14 – Sale of Goods"

FA – Mar/July 2020 – L1 – SB – Q2a – Recording Financial Transactions (Including Source Documents, Books of Prime Entry, and Cash Books)

Explanation and examples of source documents used in commercial transactions.

You're reporting an error for "FA – Mar/July 2020 – L1 – SB – Q2a – Recording Financial Transactions (Including Source Documents, Books of Prime Entry, and Cash Books)"

BCL – Nov 2024 – L1 – Q4a – Agency of Necessity

Legal implications of an agent acting in necessity during a curfew.

You're reporting an error for "BCL – Nov 2024 – L1 – Q4a – Agency of Necessity"

BL – Nov 2015 – L2 – SB – Q6d – Agency Law

List four types of agents involved in agency relationships.

You're reporting an error for "BL – Nov 2015 – L2 – SB – Q6d – Agency Law"

BL – Nov 2015 – L2 – SB – Q6b – Hire Purchase and Consumer Credit Transactions

Explain two rights of a hirer under a hire purchase transaction.

You're reporting an error for "BL – Nov 2015 – L2 – SB – Q6b – Hire Purchase and Consumer Credit Transactions"

BL – May 2021 – L1 – SA – Q14 – Sale of Goods

Identifying the item that is not a subject matter of a sale of goods contract.

You're reporting an error for "BL – May 2021 – L1 – SA – Q14 – Sale of Goods"

FA – Mar/July 2020 – L1 – SB – Q2a – Recording Financial Transactions (Including Source Documents, Books of Prime Entry, and Cash Books)

Explanation and examples of source documents used in commercial transactions.

You're reporting an error for "FA – Mar/July 2020 – L1 – SB – Q2a – Recording Financial Transactions (Including Source Documents, Books of Prime Entry, and Cash Books)"

Our offerings

Contact Info

Customer

Get In Touch

admin