Answer ALL questions. Each question carries ONE $(1)$ mark.

Choose the best answer from the given alternatives

$5.$ Three business partners are X$,$ Y$,$ and Z$.$ Partners X$,$ and Z are involved in the daily

running of the business but partner Y is not actively involved in running the business.

What type of partner is Y$?$

A$.$ Ordinary partner.

B$.$ Main partner.

C$.$ Sleeping partner.

D$.$ Anonymous partner.

$6.$ Which of the following is not a source of law in Botswana?

A$.$ Textbooks.

B$.$ Custom.

C$.$ Schools.

D$.$ Judicial precedence.

$7.$ A seller advertises a trailer for P$70000,$ but a potential customer comes and says she

can only buy it for P$50000.$ In terms of the principles of offer and acceptance, the

P$50000$ is termed $\_\_\_\_\_\_\_\_\_.$

A$.$ a counter offer

B$.$ an initial offer

C$.$ a good offer

D$.$ a bad offer

$8.$ Agency is $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

A$.$ a contract between two people.

B$.$ a relationship between a buyer and seller.

C$.$ a contract between two parties, one a principal and the other an agent.

D$.$ a contract between two business people.

$9.$ Which of the following negotiable instruments are used as a method of payment?

A$.$ Share Warrants.

B$.$ Bills of Exchange.

C$.$ Debentures.

D$.$ None of the above.

$10.$ Which of the following may not be a way of termination of a contract?

A$.$ Consensus ad idem.

B$.$ Merger.

C$.$ Set$-$Off.

D$.$ Death.