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SAMPLE COMMERCIAL LAW PAPER
COMMERCIAL LAW
Q.1a)Explain the terms:-
i)Guarantee (5 marks)
ii)Indemnity (5 marks)
iii)Bailment (5marks)
b)“The liability of a surety is secondary, it is co-existence with that of the
principal debtor.” Explain the above. (.05 marks)
c)Explain the duties of commoncarrier. (10marks)
Q.2 Discuss the rights of a surety against
a)Creditor
b)Principal debtor
c)Co-sureties (15 marks)
Q.3Explain the following as you discuss their role in business:-
i)Mortgage
ii)Pledge (15 marks)
Q.4“The position of a finder of goods is exactly that of a bailee in the case of a
deposit.” Comment on the above statement (15 marks)
Q.5Explain the term ‘lien’ and discuss its essential elements. (15 marks)
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