APRIL 2014 – Knowsia

PBL – APR 2014 – L1 – Q8 – Tort Liabilities in Banking

Definition of contributory negligence and examples of when a bank commits conversion in tort.

Question

A) What is Contributory Negligence?

B) State two instances where a bank may commit the tort of conversion.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Bank Liability, Contributory Negligence, Negligence, Tort of Conversion, Vicarious Liability
Level: Level 1

Topic: Law of Tort
Series: APRIL 2014

PBL – APR 2014 – L1 – Q7 – Consideration in Contract Law

Explanation of the principle that consideration must be sufficient but not adequate, and application to a scenario involving partial debt settlement.

Question

A) “Consideration must be real or sufficient but need not be adequate”. Explain

B) A owed B the sum of GHS1,000.00. B promised to accept the sum of GHS500.00 from A in full settlement of the debt. A agreed and made payment to B accordingly. B now demands the payment of the balance of GHS500.00. Explain whether or not B can succeed.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Consideration, Contract Essentials, Debt settlement, Promissory Estoppel, Sufficiency vs Adequacy
Level: Level 1

Topic: Contract Law
Series: APRIL 2014

PBL – APR 2014 – L1 – Q6 – Default and Remedies under Home Mortgage Finance Act

Scenario of a borrower failing to pay an installment on a home mortgage loan under Act 770; queries on steps the bank should take, when default occurs, and remedies available to the bank.

Question

KB borrowed GHS50,000.00 from XYZ Bank Limited (under the Home Mortgage Finance Act, 2008 (Act 770)) to enable him to complete his residential property. KB has failed to make an instalment payment on a due date.

A) What steps should the bank take and when will KB be considered to be in default?

B) What remedies are available to XYZ Bank upon KB’s default?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Act 770, Banking Loans, Borrower Default, Default, Home Mortgage Finance Act, Mortgage Security, Property Security, Remedies
Level: Level 1

Topic: Property and its Uses as Security
Series: APRIL 2014

PBL – APR 2014 – L1 – Q5 – Grounds for Court-Ordered Winding Up of a Company

Grounds on which a court will order the winding up of a company.

Question

On what grounds will the Court order the winding up of a company?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Companies Code 1963, Company Liquidation, Court Orders, Grounds for Winding Up, Insolvency, Just and Equitable, Winding-up
Level: Level 1

Topic: Contract Law
Series: APRIL 2014

PBL – APR 2014 – L1 – Q4 – Qualification as Child and Intestate Estate Distribution

Who qualifies as a child under the Intestate Succession Act, 1985 (PNDCL 111), and how to distribute the residue of an intestate estate among surviving spouse, children from different marriages, and parent.

Question

A) who qualifies as a child under the Intestate Succession Act, 1985 (PNDCL 111) 6 Marks

B) Mrs. A died intestate in 2006. she owned no house, but the residue of her estate amounted to GHS60,000. she is survived by her husband, Mr. A, and two children by Mr. A who are all of age. She had two daughters by a previous customary marriage who are all alive. Mrs A’s mother is dead but the father is alive and so are many members of her family. Indicate how the residue of Mrs A’s estate would be distributed. 12 Marks

Answer

Find Related Questions by Tags, levels, etc.

Tags: Child Qualification, Children, Estate Distribution, Family, Intestate Succession, PNDC Law 111, Residue Sharing, Surviving Spouse
Level: Level 1

Topic: Succession (Testate and Intestate)
Series: APRIL 2014

PBL – APR 2014 – L1 – Q3 – Lower Courts and Civil Jurisdiction of Circuit Court in Ghana

Identification of the lower courts in Ghana's judicial system and the components of the civil jurisdiction of the circuit court.

Question

A.) Which of the Courts are known as the Lower Courts of Ghana?

B.) What constitutes the civil jurisdiction of the circuit court?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Circuit Court, Civil Jurisdiction, Court System, Dispute Resolution, Ghana Judiciary, Lower Courts
Level: Level 1

Topic: Conflict Resolution
Series: APRIL 2014

PBL – APR 2014 – L1 – Q2 – Origins of Common Law and Equity, Property Sharing in Succession

Tracing the historical origins of Common Law and Equity, and determining the sharing of property left in a will to two children of different ages.

Question

a.) Briefly trace the origins of Common Law and Equity

b.) A father on his death left GHS50,000.00 in his will for his two children B and C. B is 10 years older than C. Indicate how the property will be shared between them.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Common Law, Equity, Historical Development, Origins, Property Distribution, Succession, Testate Succession, Will
Level: Level 1

Topic: Sources of Law
Series: APRIL 2014

PBL – APR 2014 – L1 – Q1 – Promissory Notes, Bills of Exchange, and Endorsements

Definition of promissory note, differences from bill of exchange, requirements for valid endorsement, and promises/admissions of endorser.

Question

A) Define a promissory note.

B) Indicate the differences between a promissory note and a bill of exchange 12 marks

C) Outline any four requirements of a valid endorsement.

D) The endorser of a bill of exchange makes certain promises and admissions to the holder of a bill. Describe briefly these promises and admissions.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Bill of Exchange, Endorsement, Holders Rights, Negotiable Instruments, Promissory Note
Level: Level 1

Topic: Cheques and other Means of Payment
Series: APRIL 2014

PBL – APR 2014 – L1 – Q8 – Tort Liabilities in Banking

Definition of contributory negligence and examples of when a bank commits conversion in tort.

Question

A) What is Contributory Negligence?

B) State two instances where a bank may commit the tort of conversion.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Bank Liability, Contributory Negligence, Negligence, Tort of Conversion, Vicarious Liability
Level: Level 1

Topic: Law of Tort
Series: APRIL 2014

PBL – APR 2014 – L1 – Q7 – Consideration in Contract Law

Explanation of the principle that consideration must be sufficient but not adequate, and application to a scenario involving partial debt settlement.

Question

A) “Consideration must be real or sufficient but need not be adequate”. Explain

Answer

Find Related Questions by Tags, levels, etc.

Tags: Consideration, Contract Essentials, Debt settlement, Promissory Estoppel, Sufficiency vs Adequacy
Level: Level 1

Topic: Contract Law
Series: APRIL 2014

PBL – APR 2014 – L1 – Q6 – Default and Remedies under Home Mortgage Finance Act

Scenario of a borrower failing to pay an installment on a home mortgage loan under Act 770; queries on steps the bank should take, when default occurs, and remedies available to the bank.

Question

A) What steps should the bank take and when will KB be considered to be in default?

B) What remedies are available to XYZ Bank upon KB’s default?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Act 770, Banking Loans, Borrower Default, Default, Home Mortgage Finance Act, Mortgage Security, Property Security, Remedies
Level: Level 1

Topic: Property and its Uses as Security
Series: APRIL 2014

PBL – APR 2014 – L1 – Q5 – Grounds for Court-Ordered Winding Up of a Company

Grounds on which a court will order the winding up of a company.

Question

On what grounds will the Court order the winding up of a company?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Companies Code 1963, Company Liquidation, Court Orders, Grounds for Winding Up, Insolvency, Just and Equitable, Winding-up
Level: Level 1

Topic: Contract Law
Series: APRIL 2014

PBL – APR 2014 – L1 – Q4 – Qualification as Child and Intestate Estate Distribution

Who qualifies as a child under the Intestate Succession Act, 1985 (PNDCL 111), and how to distribute the residue of an intestate estate among surviving spouse, children from different marriages, and parent.

Question

A) who qualifies as a child under the Intestate Succession Act, 1985 (PNDCL 111) 6 Marks

Answer

Find Related Questions by Tags, levels, etc.

Tags: Child Qualification, Children, Estate Distribution, Family, Intestate Succession, PNDC Law 111, Residue Sharing, Surviving Spouse
Level: Level 1

Topic: Succession (Testate and Intestate)
Series: APRIL 2014

PBL – APR 2014 – L1 – Q3 – Lower Courts and Civil Jurisdiction of Circuit Court in Ghana

Identification of the lower courts in Ghana's judicial system and the components of the civil jurisdiction of the circuit court.

Question

A.) Which of the Courts are known as the Lower Courts of Ghana?

B.) What constitutes the civil jurisdiction of the circuit court?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Circuit Court, Civil Jurisdiction, Court System, Dispute Resolution, Ghana Judiciary, Lower Courts
Level: Level 1

Topic: Conflict Resolution
Series: APRIL 2014

PBL – APR 2014 – L1 – Q2 – Origins of Common Law and Equity, Property Sharing in Succession

Tracing the historical origins of Common Law and Equity, and determining the sharing of property left in a will to two children of different ages.

Question

a.) Briefly trace the origins of Common Law and Equity

b.) A father on his death left GHS50,000.00 in his will for his two children B and C. B is 10 years older than C. Indicate how the property will be shared between them.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Common Law, Equity, Historical Development, Origins, Property Distribution, Succession, Testate Succession, Will
Level: Level 1

Topic: Sources of Law
Series: APRIL 2014

PBL – APR 2014 – L1 – Q1 – Promissory Notes, Bills of Exchange, and Endorsements

Definition of promissory note, differences from bill of exchange, requirements for valid endorsement, and promises/admissions of endorser.

Question

A) Define a promissory note.

B) Indicate the differences between a promissory note and a bill of exchange 12 marks

C) Outline any four requirements of a valid endorsement.

D) The endorser of a bill of exchange makes certain promises and admissions to the holder of a bill. Describe briefly these promises and admissions.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Bill of Exchange, Endorsement, Holders Rights, Negotiable Instruments, Promissory Note
Level: Level 1

Topic: Cheques and other Means of Payment
Series: APRIL 2014

Series: APRIL 2014

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PBL – APR 2014 – L1 – Q8 – Tort Liabilities in Banking

Definition of contributory negligence and examples of when a bank commits conversion in tort.

You're reporting an error for "PBL – APR 2014 – L1 – Q8 – Tort Liabilities in Banking"

PBL – APR 2014 – L1 – Q7 – Consideration in Contract Law

Explanation of the principle that consideration must be sufficient but not adequate, and application to a scenario involving partial debt settlement.

You're reporting an error for "PBL – APR 2014 – L1 – Q7 – Consideration in Contract Law"

PBL – APR 2014 – L1 – Q6 – Default and Remedies under Home Mortgage Finance Act

Scenario of a borrower failing to pay an installment on a home mortgage loan under Act 770; queries on steps the bank should take, when default occurs, and remedies available to the bank.

You're reporting an error for "PBL – APR 2014 – L1 – Q6 – Default and Remedies under Home Mortgage Finance Act"

PBL – APR 2014 – L1 – Q5 – Grounds for Court-Ordered Winding Up of a Company

Grounds on which a court will order the winding up of a company.

You're reporting an error for "PBL – APR 2014 – L1 – Q5 – Grounds for Court-Ordered Winding Up of a Company"

PBL – APR 2014 – L1 – Q4 – Qualification as Child and Intestate Estate Distribution

Who qualifies as a child under the Intestate Succession Act, 1985 (PNDCL 111), and how to distribute the residue of an intestate estate among surviving spouse, children from different marriages, and parent.

You're reporting an error for "PBL – APR 2014 – L1 – Q4 – Qualification as Child and Intestate Estate Distribution"

PBL – APR 2014 – L1 – Q3 – Lower Courts and Civil Jurisdiction of Circuit Court in Ghana

Identification of the lower courts in Ghana's judicial system and the components of the civil jurisdiction of the circuit court.

You're reporting an error for "PBL – APR 2014 – L1 – Q3 – Lower Courts and Civil Jurisdiction of Circuit Court in Ghana"

PBL – APR 2014 – L1 – Q2 – Origins of Common Law and Equity, Property Sharing in Succession

Tracing the historical origins of Common Law and Equity, and determining the sharing of property left in a will to two children of different ages.

You're reporting an error for "PBL – APR 2014 – L1 – Q2 – Origins of Common Law and Equity, Property Sharing in Succession"

PBL – APR 2014 – L1 – Q1 – Promissory Notes, Bills of Exchange, and Endorsements

Definition of promissory note, differences from bill of exchange, requirements for valid endorsement, and promises/admissions of endorser.

You're reporting an error for "PBL – APR 2014 – L1 – Q1 – Promissory Notes, Bills of Exchange, and Endorsements"

PBL – APR 2014 – L1 – Q8 – Tort Liabilities in Banking

Definition of contributory negligence and examples of when a bank commits conversion in tort.

You're reporting an error for "PBL – APR 2014 – L1 – Q8 – Tort Liabilities in Banking"

PBL – APR 2014 – L1 – Q7 – Consideration in Contract Law

Explanation of the principle that consideration must be sufficient but not adequate, and application to a scenario involving partial debt settlement.

You're reporting an error for "PBL – APR 2014 – L1 – Q7 – Consideration in Contract Law"

PBL – APR 2014 – L1 – Q6 – Default and Remedies under Home Mortgage Finance Act

Scenario of a borrower failing to pay an installment on a home mortgage loan under Act 770; queries on steps the bank should take, when default occurs, and remedies available to the bank.

You're reporting an error for "PBL – APR 2014 – L1 – Q6 – Default and Remedies under Home Mortgage Finance Act"

PBL – APR 2014 – L1 – Q5 – Grounds for Court-Ordered Winding Up of a Company

Grounds on which a court will order the winding up of a company.

You're reporting an error for "PBL – APR 2014 – L1 – Q5 – Grounds for Court-Ordered Winding Up of a Company"

PBL – APR 2014 – L1 – Q4 – Qualification as Child and Intestate Estate Distribution

Who qualifies as a child under the Intestate Succession Act, 1985 (PNDCL 111), and how to distribute the residue of an intestate estate among surviving spouse, children from different marriages, and parent.

You're reporting an error for "PBL – APR 2014 – L1 – Q4 – Qualification as Child and Intestate Estate Distribution"

PBL – APR 2014 – L1 – Q3 – Lower Courts and Civil Jurisdiction of Circuit Court in Ghana

Identification of the lower courts in Ghana's judicial system and the components of the civil jurisdiction of the circuit court.

You're reporting an error for "PBL – APR 2014 – L1 – Q3 – Lower Courts and Civil Jurisdiction of Circuit Court in Ghana"

PBL – APR 2014 – L1 – Q2 – Origins of Common Law and Equity, Property Sharing in Succession

Tracing the historical origins of Common Law and Equity, and determining the sharing of property left in a will to two children of different ages.

You're reporting an error for "PBL – APR 2014 – L1 – Q2 – Origins of Common Law and Equity, Property Sharing in Succession"

PBL – APR 2014 – L1 – Q1 – Promissory Notes, Bills of Exchange, and Endorsements

Definition of promissory note, differences from bill of exchange, requirements for valid endorsement, and promises/admissions of endorser.

You're reporting an error for "PBL – APR 2014 – L1 – Q1 – Promissory Notes, Bills of Exchange, and Endorsements"

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