Contract Law – Knowsia

PBL – APR 2016 – L1 – Q6 – Banker-Customer Relationship

Define a bank customer, explain the basic banker-customer relationship, and outline the rights banks have over customer accounts.

Question

(a) Who is a customer of a bank? ii. What is the basic relationship between a bank and its customer? (b) What rights does the bank have in relation to its customers’ account?

Answer

Find Related Questions by Tags, levels, etc.

Tags: bank rights, Banker-Customer Relationship, Contract Law, customer accounts, customer definition, duties of banks, Ghanaian Banking Regulations
Level: Level 1

Topic: Contract Law
Series: APRIL 2016

PBL – APR 2016 – L1 – Q5 – Private vs Public Limited Liability Companies and Conversion

Differences between a private limited liability company and a public limited liability company, and the process for converting a private company to a public one.

Question

(a) State the difference between a Private Limited Liability Company and a Public Limited Liability Company (b) Briefly describe how a Private Limited Liability company may be converted into a Public Limited Liability Company.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Banking Customers, Borrowing Capacity, Company Law, Conversion Process, Corporate Governance, Differences, Ghana Companies Act, Private Limited Company, Public Limited Company
Level: Level 1

Topic: Contract Law
Series: APRIL 2016

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

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

Topic: Contract Law
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

BCL – Nov 2024 – L1 – Q4c – Contractual Obligations of a Minor

Legal validity of a contract involving a minor performing services for payment.

Question

Amevo is a minor and a professional dancer. He entered into a contract to perform a series of dances for GH¢5,000 an hour per night of performance. The rule as accepted was that failure to perform in one series without reasonable excuse would incur a percentage deduction from his earnings at subsequent performances. Amevo failed to perform at one of the series. His attention was drawn to the rule, but he now thinks the deduction should not be made.

Required:
Advise Amevo.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Beneficial Contracts, Breach of Contract, Contract Law, Legal obligations, Minor’s Contracts
Level: Level 1

Topic: Contract Law
Series: Nov 2024

BL – Nov 2012 – L1 – SA – Q6 – Contract Law

Identify a minor term in a contract.

Question

State the term of a contract which is minor or which is ancillary to a major term.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Contracts, Minor Terms, Warranties
Level: Level 1

Topic: Contract Law
Series: NOV 2012

BL – Nov 2012 – L1 – SA – Q1 – Contract Law

Identify the cardinal rules of interpretation in law.

Question

The cardinal rules of interpretation are the literal rule, Ejusdem generis rule, and _________.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Legal Concepts, Rules of Interpretation
Level: Level 1

Topic: Contract Law
Series: NOV 2012

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

Answer

Find Related Questions by Tags, levels, etc.

Tags: Bankruptcy, Legal Incapacities
Level: Level 1

Topic: Contract Law
Series: NOV 2012

BL – May 2014 – L1 – SB – Q2B – Contract Law

Identifying five ways a contract can be discharged.

Question

Contractual obligations and rights arising from a contract can be discharged in various ways.
You are required to state FIVE ways by which a contract may be discharged.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Contract Law, Discharge of Contracts
Level: Level 1

Topic: Contract Law
Series: MAY 2014

BL – May 2014 – L1 – SA – Q5 – Contract Law

Identifying the remedy requiring the breaching party to perform their obligations.

Question

The remedy or an order by a court ordering a party who breached an agreement to perform his obligations under the contract is known as ____________.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Contracts, Remedies, Specific Performance
Level: Level 1

Topic: Contract Law
Series: MAY 2014

PBL – APR 2016 – L1 – Q6 – Banker-Customer Relationship

Define a bank customer, explain the basic banker-customer relationship, and outline the rights banks have over customer accounts.

Question

(a) Who is a customer of a bank? ii. What is the basic relationship between a bank and its customer? (b) What rights does the bank have in relation to its customers’ account?

Answer

Find Related Questions by Tags, levels, etc.

Tags: bank rights, Banker-Customer Relationship, Contract Law, customer accounts, customer definition, duties of banks, Ghanaian Banking Regulations
Level: Level 1

Topic: Contract Law
Series: APRIL 2016

PBL – APR 2016 – L1 – Q5 – Private vs Public Limited Liability Companies and Conversion

Differences between a private limited liability company and a public limited liability company, and the process for converting a private company to a public one.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Banking Customers, Borrowing Capacity, Company Law, Conversion Process, Corporate Governance, Differences, Ghana Companies Act, Private Limited Company, Public Limited Company
Level: Level 1

Topic: Contract Law
Series: APRIL 2016

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 – 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

BCL – Nov 2024 – L1 – Q4c – Contractual Obligations of a Minor

Legal validity of a contract involving a minor performing services for payment.

Question

Required:
Advise Amevo.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Beneficial Contracts, Breach of Contract, Contract Law, Legal obligations, Minor’s Contracts
Level: Level 1

Topic: Contract Law
Series: Nov 2024

BL – Nov 2012 – L1 – SA – Q6 – Contract Law

Identify a minor term in a contract.

Question

State the term of a contract which is minor or which is ancillary to a major term.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Contracts, Minor Terms, Warranties
Level: Level 1

Topic: Contract Law
Series: NOV 2012

BL – Nov 2012 – L1 – SA – Q1 – Contract Law

Identify the cardinal rules of interpretation in law.

Question

The cardinal rules of interpretation are the literal rule, Ejusdem generis rule, and _________.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Legal Concepts, Rules of Interpretation
Level: Level 1

Topic: Contract Law
Series: NOV 2012

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:

Answer

Find Related Questions by Tags, levels, etc.

Tags: Bankruptcy, Legal Incapacities
Level: Level 1

Topic: Contract Law
Series: NOV 2012

BL – May 2014 – L1 – SB – Q2B – Contract Law

Identifying five ways a contract can be discharged.

Question

Contractual obligations and rights arising from a contract can be discharged in various ways.
You are required to state FIVE ways by which a contract may be discharged.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Contract Law, Discharge of Contracts
Level: Level 1

Topic: Contract Law
Series: MAY 2014

BL – May 2014 – L1 – SA – Q5 – Contract Law

Identifying the remedy requiring the breaching party to perform their obligations.

Question

The remedy or an order by a court ordering a party who breached an agreement to perform his obligations under the contract is known as ____________.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Contracts, Remedies, Specific Performance
Level: Level 1

Topic: Contract Law
Series: MAY 2014

Topic: Contract Law

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PBL – APR 2016 – L1 – Q6 – Banker-Customer Relationship

Define a bank customer, explain the basic banker-customer relationship, and outline the rights banks have over customer accounts.

You're reporting an error for "PBL – APR 2016 – L1 – Q6 – Banker-Customer Relationship"

PBL – APR 2016 – L1 – Q5 – Private vs Public Limited Liability Companies and Conversion

Differences between a private limited liability company and a public limited liability company, and the process for converting a private company to a public one.

You're reporting an error for "PBL – APR 2016 – L1 – Q5 – Private vs Public Limited Liability Companies and Conversion"

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 – 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"

BCL – Nov 2024 – L1 – Q4c – Contractual Obligations of a Minor

Legal validity of a contract involving a minor performing services for payment.

You're reporting an error for "BCL – Nov 2024 – L1 – Q4c – Contractual Obligations of a Minor"

BL – Nov 2012 – L1 – SA – Q6 – Contract Law

Identify a minor term in a contract.

You're reporting an error for "BL – Nov 2012 – L1 – SA – Q6 – Contract Law"

BL – Nov 2012 – L1 – SA – Q1 – Contract Law

Identify the cardinal rules of interpretation in law.

You're reporting an error for "BL – Nov 2012 – L1 – SA – Q1 – Contract Law"

BL – Nov 2012 – L1 – SA – Q19 – Contract Law

Identify the legal activity that an undischarged bankrupt is not incapacitated from doing.

You're reporting an error for "BL – Nov 2012 – L1 – SA – Q19 – Contract Law"

BL – May 2014 – L1 – SB – Q2B – Contract Law

Identifying five ways a contract can be discharged.

You're reporting an error for "BL – May 2014 – L1 – SB – Q2B – Contract Law"

BL – May 2014 – L1 – SA – Q5 – Contract Law

Identifying the remedy requiring the breaching party to perform their obligations.

You're reporting an error for "BL – May 2014 – L1 – SA – Q5 – Contract Law"

PBL – APR 2016 – L1 – Q6 – Banker-Customer Relationship

Define a bank customer, explain the basic banker-customer relationship, and outline the rights banks have over customer accounts.

You're reporting an error for "PBL – APR 2016 – L1 – Q6 – Banker-Customer Relationship"

PBL – APR 2016 – L1 – Q5 – Private vs Public Limited Liability Companies and Conversion

Differences between a private limited liability company and a public limited liability company, and the process for converting a private company to a public one.

You're reporting an error for "PBL – APR 2016 – L1 – Q5 – Private vs Public Limited Liability Companies and Conversion"

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 – 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"

BCL – Nov 2024 – L1 – Q4c – Contractual Obligations of a Minor

Legal validity of a contract involving a minor performing services for payment.

You're reporting an error for "BCL – Nov 2024 – L1 – Q4c – Contractual Obligations of a Minor"

BL – Nov 2012 – L1 – SA – Q6 – Contract Law

Identify a minor term in a contract.

You're reporting an error for "BL – Nov 2012 – L1 – SA – Q6 – Contract Law"

BL – Nov 2012 – L1 – SA – Q1 – Contract Law

Identify the cardinal rules of interpretation in law.

You're reporting an error for "BL – Nov 2012 – L1 – SA – Q1 – Contract Law"

BL – Nov 2012 – L1 – SA – Q19 – Contract Law

Identify the legal activity that an undischarged bankrupt is not incapacitated from doing.

You're reporting an error for "BL – Nov 2012 – L1 – SA – Q19 – Contract Law"

BL – May 2014 – L1 – SB – Q2B – Contract Law

Identifying five ways a contract can be discharged.

You're reporting an error for "BL – May 2014 – L1 – SB – Q2B – Contract Law"

BL – May 2014 – L1 – SA – Q5 – Contract Law

Identifying the remedy requiring the breaching party to perform their obligations.

You're reporting an error for "BL – May 2014 – L1 – SA – Q5 – Contract Law"

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