Contract Law – Page 5

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

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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

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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

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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

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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

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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

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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

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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

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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

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

Topic: Contract Law
Series: MAY 2014

BCL – May 2016 – L1 – Q5c – Company Law

State three features of a pre-incorporation contract.

Question

State THREE features of a pre-incorporation contract. (3 marks)

Answer

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Tags: Company Formation, Contract Law, Pre-incorporation
Level: Level 1

Topic: Contract Law
Series: MAY 2016

BCL – May 2016 – L1 – Q5b – Company Law

Define the term "pre-incorporation contract."

Question

What is meant by “pre-incorporation contract”? (2 marks)

Answer

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Tags: Company Formation, Legal Definition, Pre-incorporation
Level: Level 1

Topic: Contract Law
Series: MAY 2016

BCL – May 2016 – L1 – Q5a – Company Law

State five items required by law in the regulations of a company registered under the Companies Act.

Question

State FIVE items that are by law required in the Regulations of a Company registered under the Companies Act. (5 marks)

Answer

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Tags: Companies Act, Company Regulations, Legal Requirements
Level: Level 1

Topic: Contract Law
Series: MAY 2016

BCL – May 2016 – L1 – Q3b – Contract Law

Explain five rules that relate to consideration in the Law of Contract.

Question

Explain FIVE rules that relate to consideration in the Law of Contract. (10 marks)

Answer

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Tags: Consideration, Contract Law, Legal Principles
Level: Level 1

Topic: Contract Law
Series: MAY 2016

BCL – Nov 2016 – L1 – Q3c – Contract Law

State the means by which a contract may be discharged.

Question

State FOUR means by which a contract, lawfully entered by parties, may be discharged.

Answer

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Tags: Agreement, Breach, Contract Discharge, Frustration, Performance
Level: Level 1

Topic: Contract Law
Series: NOV 2016

BCL – Nov 2016 – L1 – Q3b – Contract Law

Explain the legal terms: Capacity, Acceptance, Misrepresentation, Goods, Quantum Meruit.

Question

Explain the following terms as used in the legal business environment:
i) Capacity
ii) Acceptance
iii) Misrepresentation
iv) Goods
v) Quantum Meruit

Answer

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Tags: Acceptance, Capacity, Goods, Legal Definitions, Misrepresentation, Quantum Meruit
Level: Level 1

Topic: Contract Law
Series: NOV 2016

BCL – Nov 2016 – L1 – Q3a – Contract Law

List the modifications made to the doctrine of consideration by the Contracts Act, 1960 (Act 25).

Question

The Contracts Act, 1960, Act 25, has modified the common law doctrine of consideration. List FOUR of the modifications.

Answer

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Tags: Consideration, Contracts, Ghana, Modifications
Level: Level 1

Topic: Contract Law
Series: NOV 2016

BCL – May 2021 – L1 – Q2a – Contract Law

Analysis of a contractual transaction based on an advertisement and determining entitlement to the offer.

Question

Kakai Company Limited had for weeks advertised their products in the electronic and print media that “Buy GH¢450 worth of products from any of our branches and get one blender free”. The deadline for the promotion was 30 November 2020. Fiifi saw the advertisement and bought products worth GH¢600 from one of the branches on 1 October 2020. Fiifi demanded the free blender. However, the sales girl told him there was no free blender to be given in that branch. An argument then ensued.

Required:
i) Describe in TWO (2) ways the nature of the transaction. (4 marks)

ii) Determine whether Fiifi should be entitled to the blender. (6 marks)

Answer

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Tags: Acceptance, Advertisement, Contractual Rights, Entitlement, Offer
Level: Level 1

Topic: Contract Law
Series: MAY 2021

BCL – May 2020 – L2 – Q3b – Employment Law

Discuss the stakeholders in a sexual harassment case and the impact of employees' prior knowledge on their right to claim.

Question

‘Las Panas’ is a successful chain of restaurants and bars that features female waitresses in white spaghetti tops and very short red skirts. Five former waitresses filed a class action lawsuit, alleging that the atmosphere ‘Las Panas’ created in its restaurants allowed them to be sexually harassed by customers, cooks, and managers. Ama Smith, one of the waitresses, noted on a radio super morning show program that the ‘Las Panas’ mandatory uniforms caused them to be sexually harassed. Meanwhile, ‘Las Panas’ continues to enjoy great success, and it recently received an award as the Best Marketing Company.

Required:

i) Identify the key stakeholders in this case.
(2 marks)

ii) Supposing the women knew of the problems when they agreed to work at ‘Las Panas’, what bearing should such knowledge have on their right to the alleged harassment?
(2 marks)

Answer

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Tags: Employment Law, Sexual Harassment, Stakeholders, Volenti Non Fit Injuria, Workplace Ethics
Level: Level 1

Topic: Contract Law
Series: MAY 2020

BCL – May 2020 – L2 – Q2b – Company Law

Discuss the entitlement of preferential shareholders to further dividends and principles relating to minimum capital for companies.

Question

A group of young members of Nob Company Limited petitioned the Board of Directors of the Company over dividend payments at the close of the company’s annual general meeting. They claimed that they were preferential shareholders and that after dividends were declared for them, they had the privilege for fair participation in the distribution of the remaining shares.

Required:

i) From the above scenario, are the preferential shareholders entitled to any further dividend?
(6 marks)

ii) State TWO (2) principles relating to minimum capital for a company limited by shares pursuant to provisions of the law.
(4 marks)

Answer

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Tags: Companies Act 1963, Company Law, Dividend Entitlement, Minimum Capital, Preferential Shareholders
Level: Level 1

Topic: Contract Law
Series: MAY 2020

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.

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

Identify a minor term in a contract.

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

Identify the cardinal rules of interpretation in law.

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

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

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

Identifying five ways a contract can be discharged.

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

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

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BCL – May 2016 – L1 – Q5c – Company Law

State three features of a pre-incorporation contract.

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BCL – May 2016 – L1 – Q5b – Company Law

Define the term "pre-incorporation contract."

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BCL – May 2016 – L1 – Q5a – Company Law

State five items required by law in the regulations of a company registered under the Companies Act.

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BCL – May 2016 – L1 – Q3b – Contract Law

Explain five rules that relate to consideration in the Law of Contract.

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BCL – Nov 2016 – L1 – Q3c – Contract Law

State the means by which a contract may be discharged.

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BCL – Nov 2016 – L1 – Q3b – Contract Law

Explain the legal terms: Capacity, Acceptance, Misrepresentation, Goods, Quantum Meruit.

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BCL – Nov 2016 – L1 – Q3a – Contract Law

List the modifications made to the doctrine of consideration by the Contracts Act, 1960 (Act 25).

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BCL – May 2021 – L1 – Q2a – Contract Law

Analysis of a contractual transaction based on an advertisement and determining entitlement to the offer.

You're reporting an error for "BCL – May 2021 – L1 – Q2a – Contract Law"

BCL – May 2020 – L2 – Q3b – Employment Law

Discuss the stakeholders in a sexual harassment case and the impact of employees' prior knowledge on their right to claim.

You're reporting an error for "BCL – May 2020 – L2 – Q3b – Employment Law"

BCL – May 2020 – L2 – Q2b – Company Law

Discuss the entitlement of preferential shareholders to further dividends and principles relating to minimum capital for companies.

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