Contract Law – Page 6

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

BL – May 2014 – L1 – SA – Q4 – Contract Law

Identifying the term for a contract breach entitling only damages.

Question

The ordinary term of a contract which entitles the aggrieved party to sue only for damages and not rescission of the agreement is a ____________.

Answer

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Tags: Breach, Contracts, Damages
Level: Level 1

Topic: Contract Law
Series: MAY 2014

BL – May 2014 – L1 – SA – Q11 – Contract Law

Identifying when the court may lift the veil of incorporation.

Question

Under the common law, the veil of incorporation will NOT be lifted where the company:
A. Has been formed for fraudulent or illegal purposes
B. Operates as an agent of shareholders
C. Trades with alien enemies
D. Engages in acts that are detrimental to public interest
E. Engages in completely ultra vires activities

Answer

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Tags: Corporate Liability, Illegal Purpose, Lifting the Veil
Level: Level 1

Topic: Contract Law
Series: MAY 2014

BL – Nov 2021 – L1 – SA – Q11 – Contract Law

Identifying the type of contract negotiated on social media.

Question

Emeka and Ngozi negotiated and entered into a contract using Facebook throughout. What kind of contract is this?
A. Facebook contract
B. Unenforceable contract
C. Contract pending signature
D. Social media contract
E. Electronic contract

Answer

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Tags: Contract Law, Electronic Contract, Social Media
Level: Level 1

Topic: Contract Law
Series: NOV 2021

BL – Nov 2022 – L1 – SA – Q7 – Contract Law

Defining the act that constitutes theft under the Criminal Code.

Question

Which of the following is classified as an act of theft under the Criminal Code?

A. Acquisition of property
B. Conversion of property
C. Assumption of property
D. Presumption of property
E. Disposal of property

Answer

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Tags: Criminal Law, Theft
Level: Level 1

Topic: Contract Law
Series: NOV 2022

BCL – Mar 2024 – L1 – Q2b – Contract Law, Sale of goods/hire purchase

Evaluate whether Tinda Oil Ltd. can succeed in a court action against Azigipaa Ltd. based on the provisions of the Sale of Goods Act.

Question

Azigipaa Ltd invited tenders for the purchase of a tanker, said to be lying off the Island Bebre, together with the oil it was said to contain. Tinda Oil Ltd submitted a tender for which Azigipaa Ltd accepted. Tinda Oil Ltd went through considerable trouble and expense to modify a ship that the company owned for salvage work, and also brought equipment and engaged a crew. There was no tanker anywhere near the Island as described by Azigipaa Ltd. Tinda Oil Ltd has decided to take action in court against Azigipaa Ltd.

Required:

i) In light of the provisions of the Sale of Goods Act, is Tinda Oil Ltd likely to succeed in its action? (5 marks)

ii) List TWO (2) fundamental obligations of a seller under the provisions of the Sale of Goods Act 1962, Act 137.

(4 marks)

Answer

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Tags: Contractual Obligations, Legal Remedies, Misrepresentation, Sale of Goods
Level: Level 1

Topic: Contract Law, Sale of goods/hire purchase
Series: MAR 2024

BCL – May 2019 – L1 – Q7 – Company Law

Discusses the process of liquidation, different modes of winding up, and the consequences of the winding up process.

Question

a) Explain liquidation and state the different modes by which a company may be wound up.
(8 marks)

b) Describe FOUR (4) consequences of a winding up process.
(12 marks)

Answer

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Tags: Company Law, Corporate Dissolution, Legal Process, Liquidation, Winding-up
Level: Level 1

Topic: Contract Law
Series: MAY 2019

BCL – May 2019 – L1 – Q6b – Company Law

Identifies conditions under which a person is disqualified from being appointed as an auditor in a private company.

Question

b) Identify FOUR (4) conditions to disqualify a person from being appointed as auditors in a private company.
(8 marks)

Answer

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Tags: Auditor Disqualification, Company Law, Corporate Governance, Private Company
Level: Level 1

Topic: Contract Law
Series: MAY 2019

BCL – May 2019 – L1 – Q6a – Company Law

Explains the concepts of floating charge, naked debentures, and income surplus in company law.

Question

a) Explain the following:
i) Floating charge
ii) Naked Debentures
iii) Income Surplus
(12 marks)

Answer

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Tags: Company Capital, Floating Charge, Income Surplus, Naked Debentures
Level: Level 1

Topic: Contract Law
Series: MAY 2019

BCL – May 2019 – L1 – Q4 – Company Law

Discusses the rights of parties in share allotment and revocation under company law.

Question

On 1st January 2018, Parentsgold Ltd, a new and promising company, had its prospectus published. On 3rd January 2018, Frank Larry sent an application for GH¢100,000 worth of shares in Parentsgold Ltd. On the same 3rd January, Abena Manu submitted an application for GH¢50,000 worth of shares, but on 8th January 2018, she sent a mail revoking her application. Both applicants remitted the requisite application moneys on the day of their application.

Due to lack of a quorum, the Board of Directors of Parentsgold Ltd could not meet to consider the applications and allot shares until 15th September 2018. Frank Larry was informed on 16th September 2018 that his application had been accepted and that GH¢100,000 worth shares had been duly allotted to him, but he wrote back refusing the allotment.

Required: Advise the parties of their rights, if any.
(20 marks)

Answer

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Tags: Company Law, Contract Law, Prospectus, Revocation, Share Allotment
Level: Level 1

Topic: Contract Law
Series: MAY 2019

BCL – May 2019 – L1 – Q3b – Contract Law

Discusses the identification and explanation of equitable remedies under the law of contract.

Question

Identify and explain any TWO (2) equitable remedies under the law of contract.
(8 marks)

Answer

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Tags: Contract Law, Equitable Remedies, Injunction, Legal vs Equitable Remedies, Specific Performance
Level: Level 1

Topic: Contract Law
Series: MAY 2019

BCL – May 2019 – L1 – Q3a – Contract Law

Distinguish between legal and equitable remedies in contract law.

Question

a) Distinguish between a legal and equitable remedies in contract law. (2 marks)

Answer

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Tags: Contract Law, Court Reliefs, Equitable Remedies, Legal Remedies
Level: Level 1

Topic: Contract Law
Series: MAY 2019

BCL – Nov 2018 – L1 – Q7c – Contract Law

Describe two ways in which contracting parties can terminate their contract.

Question

Describe TWO (2) ways in which contracting parties can terminate their contract. (8 marks)

Answer

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Tags: Agreement, Breach, Contract Law, Contract Termination, Frustration, Performance
Level: Level 1

Topic: Contract Law
Series: NOV 2018

BCL – Nov 2018 – L1 – Q4a – Company Law

Explain three privileges available to shareholders with cumulative preference shares.

Question

Explain THREE (3) privileges available to shareholders/members of a company limited by shares with cumulative preference shares. (12 marks)

Answer

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Tags: Company Law, Dividends, Preference shares, Shareholder Privileges, Winding-up
Level: Level 1

Topic: Contract Law
Series: NOV 2018

BCL – Nov 2018 – L1 – Q3c – Company Law

Identify five situations in which a court can order a company to be wound up.

Question

Identify FIVE (5) situations in which a company can be ordered by court to wind up. (8 marks)

Answer

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Tags: Company Law, Corporate Insolvency, Court Order, Liquidation, Winding-up
Level: Level 1

Topic: Contract Law
Series: NOV 2018

Topic: Contract Law

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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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BL – May 2014 – L1 – SA – Q4 – Contract Law

Identifying the term for a contract breach entitling only damages.

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BL – May 2014 – L1 – SA – Q11 – Contract Law

Identifying when the court may lift the veil of incorporation.

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BL – Nov 2021 – L1 – SA – Q11 – Contract Law

Identifying the type of contract negotiated on social media.

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BL – Nov 2022 – L1 – SA – Q7 – Contract Law

Defining the act that constitutes theft under the Criminal Code.

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BCL – Mar 2024 – L1 – Q2b – Contract Law, Sale of goods/hire purchase

Evaluate whether Tinda Oil Ltd. can succeed in a court action against Azigipaa Ltd. based on the provisions of the Sale of Goods Act.

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BCL – May 2019 – L1 – Q7 – Company Law

Discusses the process of liquidation, different modes of winding up, and the consequences of the winding up process.

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BCL – May 2019 – L1 – Q6b – Company Law

Identifies conditions under which a person is disqualified from being appointed as an auditor in a private company.

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BCL – May 2019 – L1 – Q6a – Company Law

Explains the concepts of floating charge, naked debentures, and income surplus in company law.

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BCL – May 2019 – L1 – Q4 – Company Law

Discusses the rights of parties in share allotment and revocation under company law.

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BCL – May 2019 – L1 – Q3b – Contract Law

Discusses the identification and explanation of equitable remedies under the law of contract.

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BCL – May 2019 – L1 – Q3a – Contract Law

Distinguish between legal and equitable remedies in contract law.

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BCL – Nov 2018 – L1 – Q7c – Contract Law

Describe two ways in which contracting parties can terminate their contract.

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BCL – Nov 2018 – L1 – Q4a – Company Law

Explain three privileges available to shareholders with cumulative preference shares.

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BCL – Nov 2018 – L1 – Q3c – Company Law

Identify five situations in which a court can order a company to be wound up.

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