Short Answer – Page 2

BL – Nov 2013 – L1 – SA – Q15 – Partnership Law

Identifies how a person who holds himself out as a partner is regarded.

Question

In a Partnership, a person who holds himself out as a Partner would be regarded as a Partner by _____________________.

Answer

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Tags: Holding Out, Legal Status, Partnership Law, Short Answer
Level: Level 1

Series: NOV 2013

BL – Nov 2013 – L1 – SA – Q14 – Company Law

Specifies the time frame for submitting annual returns to the Corporate Affairs Commission.

Question

The Annual Returns of a company must be sent to Corporate Affairs Commission within _______________ after the Annual General Meeting.

Answer

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Tags: Annual Returns, Company Law, Corporate Compliance, Short Answer
Level: Level 1

Topic: Company Law
Series: NOV 2013

BL – Nov 2013 – L1 – SA – Q13 – Company Law

Specifies the length of notice required for all types of general meetings.

Question

The length of notice required for all types of general meetings from the date the notice is sent is _____________________.

Answer

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Tags: Company Law, General Meetings, Notice Requirements, Short Answer
Level: Level 1

Topic: Company Law
Series: NOV 2013

BL – Nov 2013 – L1 – SA – Q12 – Company Law

Identifies what a corporate body in liquidation is disqualified from joining.

Question

A corporate body in liquidation is disqualified from joining in the formation of _____________________.

Answer

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Tags: Company Law, Corporate Disqualification, Liquidation, Short Answer
Level: Level 1

Topic: Company Law
Series: NOV 2013

BL – Nov 2013 – L1 – SA – Q11 – Agency Law

Identifies the court that has jurisdiction to wind up a company.

Question

An agent owes _____________________ to his principal.

Answer

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Tags: Company Law, Court Jurisdiction, Short Answer, Winding-up
Level: Level 1

Topic: Agency Law
Series: NOV 2013

BL – Nov 2013 – L1 – SA – Q10 – Agency Law

Identifies the minimum paid-up share capital required for life insurance business in Nigeria.

Question

In life insurance, no insurer can carry on the business of life insurance except it has and maintains a paid-up share capital of _____________________.

Answer

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Tags: Capital requirement, Insurance Law, Life Insurance, Short Answer
Level: Level 1

Topic: Agency Law
Series: NOV 2013

BL – Nov 2013 – L1 – SA – Q9 – Hire Purchase and Consumer Credit Transactions

Identifies the relationship between the owner and the hirer in a hire purchase transaction.

Question

The relationship between the owner and the hirer in a hire purchase transaction is that of _____________________.

Answer

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Tags: Consumer Credit, Hire Purchase, Legal Relationships, Short Answer
Level: Level 1

Topic: Hire Purchase and Consumer Credit Transactions
Series: NOV 2013

BL – Nov 2013 – L1 – SA – Q8 – Sale of Goods

Identifies the right to retain possession of goods before delivery to the buyer.

Question

The right to retain possession of goods before they are delivered to the buyer is _____________________.

Answer

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Tags: Legal Rights, Possession, Sale of Goods, Short Answer
Level: Level 1

Topic: Sale of Goods
Series: NOV 2013

BL – Nov 2013 – L1 – SA – Q7 – Agency Law

Identifies the term for an agent's authority stated in writing.

Question

The authority of an agent stated in writing is known as _____________________.

Answer

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Tags: Agency Law, Authority, Short Answer, Written Agreement
Level: Level 1

Topic: Agency Law
Series: NOV 2013

BL – Nov 2013 – L1 – SA – Q6 – Law of Contract

Identifies the modern mode of entering into contracts via the internet.

Question

The modern day mode of entering into contracts over the internet is called _____________________.

Answer

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Tags: Contract Law, E-Contracts, Modern Contract Formation, Short Answer
Level: Level 1

Topic: Law of Contract
Series: NOV 2013

BL – Nov 2013 – L1 – SA – Q5 – Law of Contract

Identifies the term for a situation where both parties are mistaken about the subject matter in a contract.

Question

In a contract, the situation in which both parties are mistaken as to the subject matter is known as _____________________.

Answer

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Tags: Common Mistake, Contract Law, Mistake, Short Answer
Level: Level 1

Topic: Law of Contract
Series: NOV 2013

BL – Nov 2013 – L1 – SA – Q4 – Law of Contract

Identifies the term for a contract where obligations are yet to be carried out.

Question

A contract in which the obligations of the parties are yet to be carried out is known as _____________________.

Answer

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Tags: Contract Law, Executory Contract, Legal obligations, Short Answer
Level: Level 1

Topic: Law of Contract
Series: NOV 2013

BL – Nov 2013 – L1 – SA – Q3 – Law of Tort

Explains the meaning of the legal maxim "Res Ipsa Loquitur."

Question

In tort, res ipsa loquitur means _____________________.

Answer

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Tags: Legal Maxims, Negligence, Short Answer, Tort Law
Level: Level 1

Topic: Law of Tort
Series: NOV 2013

BL – Nov 2013 – L1 – SA – Q2 – Agency Law

Identifies what equity imputes an intention to fulfill.

Question

Equity imputes an intention to fulfill an _____________________.

Answer

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Tags: Equity, Intention, Legal Principles, Short Answer
Level: Level 1

Topic: Agency Law
Series: NOV 2013

BL – Nov 2013 – L1 – SA – Q1 – Nigerian Legal System

Identifies the supreme law of Nigeria.

Question

The supreme law of the Federal Republic of Nigeria is _____________________.

Answer

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Tags: Constitution, Legal Framework, Nigerian Law, Short Answer
Level: Level 1

Topic: Nigerian Legal System
Series: NOV 2013

Question Tag: Short Answer

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BL – Nov 2013 – L1 – SA – Q15 – Partnership Law

Identifies how a person who holds himself out as a partner is regarded.

BL – Nov 2013 – L1 – SA – Q14 – Company Law

Specifies the time frame for submitting annual returns to the Corporate Affairs Commission.

BL – Nov 2013 – L1 – SA – Q13 – Company Law

Specifies the length of notice required for all types of general meetings.

BL – Nov 2013 – L1 – SA – Q12 – Company Law

Identifies what a corporate body in liquidation is disqualified from joining.

BL – Nov 2013 – L1 – SA – Q11 – Agency Law

Identifies the court that has jurisdiction to wind up a company.

BL – Nov 2013 – L1 – SA – Q10 – Agency Law

Identifies the minimum paid-up share capital required for life insurance business in Nigeria.

BL – Nov 2013 – L1 – SA – Q9 – Hire Purchase and Consumer Credit Transactions

Identifies the relationship between the owner and the hirer in a hire purchase transaction.

BL – Nov 2013 – L1 – SA – Q8 – Sale of Goods

Identifies the right to retain possession of goods before delivery to the buyer.

BL – Nov 2013 – L1 – SA – Q7 – Agency Law

Identifies the term for an agent's authority stated in writing.

BL – Nov 2013 – L1 – SA – Q6 – Law of Contract

Identifies the modern mode of entering into contracts via the internet.

BL – Nov 2013 – L1 – SA – Q5 – Law of Contract

Identifies the term for a situation where both parties are mistaken about the subject matter in a contract.

BL – Nov 2013 – L1 – SA – Q4 – Law of Contract

Identifies the term for a contract where obligations are yet to be carried out.

BL – Nov 2013 – L1 – SA – Q3 – Law of Tort

Explains the meaning of the legal maxim "Res Ipsa Loquitur."

BL – Nov 2013 – L1 – SA – Q2 – Agency Law

Identifies what equity imputes an intention to fulfill.

BL – Nov 2013 – L1 – SA – Q1 – Nigerian Legal System

Identifies the supreme law of Nigeria.

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BL – Nov 2013 – L1 – SA – Q15 – Partnership Law

Identifies how a person who holds himself out as a partner is regarded.

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BL – Nov 2013 – L1 – SA – Q14 – Company Law

Specifies the time frame for submitting annual returns to the Corporate Affairs Commission.

You're reporting an error for "BL – Nov 2013 – L1 – SA – Q14 – Company Law"

BL – Nov 2013 – L1 – SA – Q13 – Company Law

Specifies the length of notice required for all types of general meetings.

You're reporting an error for "BL – Nov 2013 – L1 – SA – Q13 – Company Law"

BL – Nov 2013 – L1 – SA – Q12 – Company Law

Identifies what a corporate body in liquidation is disqualified from joining.

You're reporting an error for "BL – Nov 2013 – L1 – SA – Q12 – Company Law"

BL – Nov 2013 – L1 – SA – Q11 – Agency Law

Identifies the court that has jurisdiction to wind up a company.

You're reporting an error for "BL – Nov 2013 – L1 – SA – Q11 – Agency Law"

BL – Nov 2013 – L1 – SA – Q10 – Agency Law

Identifies the minimum paid-up share capital required for life insurance business in Nigeria.

You're reporting an error for "BL – Nov 2013 – L1 – SA – Q10 – Agency Law"

BL – Nov 2013 – L1 – SA – Q9 – Hire Purchase and Consumer Credit Transactions

Identifies the relationship between the owner and the hirer in a hire purchase transaction.

You're reporting an error for "BL – Nov 2013 – L1 – SA – Q9 – Hire Purchase and Consumer Credit Transactions"

BL – Nov 2013 – L1 – SA – Q8 – Sale of Goods

Identifies the right to retain possession of goods before delivery to the buyer.

You're reporting an error for "BL – Nov 2013 – L1 – SA – Q8 – Sale of Goods"

BL – Nov 2013 – L1 – SA – Q7 – Agency Law

Identifies the term for an agent's authority stated in writing.

You're reporting an error for "BL – Nov 2013 – L1 – SA – Q7 – Agency Law"

BL – Nov 2013 – L1 – SA – Q6 – Law of Contract

Identifies the modern mode of entering into contracts via the internet.

You're reporting an error for "BL – Nov 2013 – L1 – SA – Q6 – Law of Contract"

BL – Nov 2013 – L1 – SA – Q5 – Law of Contract

Identifies the term for a situation where both parties are mistaken about the subject matter in a contract.

You're reporting an error for "BL – Nov 2013 – L1 – SA – Q5 – Law of Contract"

BL – Nov 2013 – L1 – SA – Q4 – Law of Contract

Identifies the term for a contract where obligations are yet to be carried out.

You're reporting an error for "BL – Nov 2013 – L1 – SA – Q4 – Law of Contract"

BL – Nov 2013 – L1 – SA – Q3 – Law of Tort

Explains the meaning of the legal maxim "Res Ipsa Loquitur."

You're reporting an error for "BL – Nov 2013 – L1 – SA – Q3 – Law of Tort"

BL – Nov 2013 – L1 – SA – Q2 – Agency Law

Identifies what equity imputes an intention to fulfill.

You're reporting an error for "BL – Nov 2013 – L1 – SA – Q2 – Agency Law"

BL – Nov 2013 – L1 – SA – Q1 – Nigerian Legal System

Identifies the supreme law of Nigeria.

You're reporting an error for "BL – Nov 2013 – L1 – SA – Q1 – Nigerian Legal System"

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