a. Describe three things that must be present for an act to constitute a tort under the law

b. In relation to negotiable instruments, differentiate between a bill of exchange and a promissory note

c. Highlight five reasons why disputing parties prefer to resolve their disputes through arbitration instead of litigation

d. Three requirement that can affect the enforce-ability of hire purchase agreement

e. Non disclosure of any material information is a serious matter and the underwriter can declare the contract void on discovering it. Discuss

f. In relation to the law of contract, briefly explain any four mistakes of fact that can render a contract void

g. Distinguish between the terms a bailment and a pledge

h. With the use of relevant examples, differentiate between actual authority and apparent authority

i. In the context of sale of goods contract:-

- Briefly explain three ways in which a buyer is deemed to have accepted goods from a seller

- state three implied conditions under a sale by sample

j. Examine the principles relating to contractual capacity of minors

k. Highlight four conditions that must be satisfied for the principle of contribution to apply to an insurance claim

l. Briefly explain the features necessary for agency of necessity to exist.

m. Under the law of defamation, differentiate between absolute privilege and qualified privilege

n. Discuss five reasons why the law is important in commercial and business transactions

o. Describe the consequences of dissolution of a partnership firm.

p. Differentiate between hire purchase agreement and credit sale agreeement

q. Describe five disadvantages of an arbitration agreement

r. Partnership agreement may be ended by any of the parties if not honored by either of the parties on consent. Substantiate this argument.