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Edited Final BL

The document outlines the final exam for the 2nd Year Regular degree program in Business Law at Horn International College, scheduled for January 11, 2025. It includes instructions for the exam format, which consists of four parts: True or False, Multiple Choice Questions, Matching Questions, and Short Answer Questions, with a total of 45 marks available. General instructions emphasize the importance of attitude, the prohibition of certain behaviors during the exam, and the requirement to use the provided answer sheet.

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adem mohammed
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34 views5 pages

Edited Final BL

The document outlines the final exam for the 2nd Year Regular degree program in Business Law at Horn International College, scheduled for January 11, 2025. It includes instructions for the exam format, which consists of four parts: True or False, Multiple Choice Questions, Matching Questions, and Short Answer Questions, with a total of 45 marks available. General instructions emphasize the importance of attitude, the prohibition of certain behaviors during the exam, and the requirement to use the provided answer sheet.

Uploaded by

adem mohammed
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Horn International College

Department of Accounting and Finance

2nd Year Regular degree program: Business Law Final Exam Exam Date: January 11, 2025

Time Allowed: 1hour and 20 minutes EXAM PREPARED BY: Adem M.

Maximum Achievable Mark: 45 Marks

ALWAYS REMEMBER THIS:

“Attitude comes first compared to knowledge and skill”

GENERAL INSTRUCTIONS:

 YOUR EXAM PAPER CONSISTS OF FOUR SEPARATE PARTS: PART I: TRUE or


FALSE, PART II-MULTIPLE CHOICE QUESTIONS, PART III-MATCHING
QUESTIONS AND PART IV-DISCUSSION AND SHORT ANSWER QUESTIONS
RESPECTIVELY.
 ATTEMPT ALL QUESTIONS UNDER EACH PART.
 MAKE SURE YOUR EXAM PAPER HAVE 5 PAGES INCLUDING THE COVER
PAGE AND THE ANSWER SHEET.
 WRITE YOUR ANSWERES ONLY ON THE ANSWER SHEET WHICH IS
ATTACHED ON THE BACK OF THIS EXAM PAPER.
 IT IS NOT ALLOWED TO USE PENCIL AND RED PEN.
 TALKING TO EXAMMATE IS NOT ALLOWED.
“WISH U ALL THE BEST OF LUCK”

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Part I- TRUE or FALSE (1 Mark Each)

Instruction: Write the word “TRUE”, if the given statement is correct, if not write the
word “FALSE”. Write your answer on the answer sheet left for this part.

1. The ability to sue or be sued by its own name is one of the characteristics of Legal
personality.
2. Physical persons are entities such as corporations or associations and so on created by
law and given certain legal rights and duties of a human being.
3. Every human being is considered as a person before the eyes of the law without the
fulfillment of any other additional subjective requirement.
4. The right to own and administer property is a typical example of a right.
5. The status of being a person before the eyes of the law is not given naturally (via given
by law).
6. The purpose of security instruments is to assure the creditor from risk of non-payment.
7. Cancellation of a contract is one of the effects of non-performance of contract.
8. A contract made with a minor is always invalid even though benefits the minor.
9. A sole proprietorship business requires registration and has a legal personality.
10. Hierarchy of laws shows hierarchy of important government organs.
Part II- Multiple Choice (1.5 Mark Each)

Instruction: Choose the correct letter for each of the following questions and write your
answers on the answer sheet left for this part.

1. A contract of sale of goods is a contract whereby the seller transfers or agrees to transfer
the property____________.
A. For a price B. in goods
B. C. in goods to the buyer for a price D. in goods from the seller
2. A contract of sale may be made of:
A. In writing C. by word of mouth
B. may be implied from the conduct of the parties D. by the above all options.
3. Where the transfer of the property in the goods is to take place at future time, the contract
is called____________.
A. Sale B. an agreement to sell C. provisional sale D. conditional sale
4. The party to contract aggrieved or wrong by ‘misrepresentation’ can_______.
A. Avoid the performance of the contract
B. Avoid the contract and sue for damages
C. Neither avoid the contract, nor can he/she sue for damages
D. Either avoid the contract or sue for damages.
5. Assume A agree to sell B 100 litters of oil.
A. The agreement is void for uncertainty, as it does not show what kind of oil was
intended.
B. This agreement is valid
C. This agreement is voidable at the option of A.

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D. This agreement is voidable at the option of B.
6. Public Law:
A. Is a mechanism of enforcement of rights and duties.
B. Gives rights and privileges and imposes duties
C. Determines power of government and rights and duties of citizens
D. Determines relations of individuals and government
7. Assuming that Mohammed is an employee of Nib Bank and he is earning birr 5,000
monthly salary. He pays birr 938 income tax to the government every month.
A. He has an obligation not to do which emanates from law.
B. He has an obligation to do which emanates from law.
C. He has an obligation to do which emanates from contract
D. He has an obligation to do which emanates from law as well as from contract
8. The major source of Ethiopian law is:
A. Customary Law C. Judicial Decisions
B. Legislation D. Legal Doctrine
9. Marriage as a contract according to Ethiopian law:
A. Can be formed by at least two persons C. Can be extinguished only by
divorce
B. Can be varied D. Cannot be extinguished
10. The function of law is:
A. It regulates social behavior C. It determines power of government
B. It ascertains peace and order D. All of the above

Part III- Matching (1.5 point each)

Instruction: Correctly match the items listed in column A to the items listed in column B.
And write your answer on the answer sheet left for this part.

Column A Column B

1. Capacity A. Resulted from Fraud (deceit)


2. Minors B. Obligation not to do
3. Merely Insane Persons C. Obligations to do
4. Notoriously Insane Persons D. A person less than 18 years of old
5. Disabled Person E. ability to exercise all attributes of legal personality.
6. Legally Interdicted Persons F. Groups those who are deaf-mute, and blind
persons.
7. Positive (commission) Object G. persons from whom the law withdraws their right.
8. Negative (omission) object H. An inmate of a hospital due to their mental
condition
9. Vices of consent I. Insanity is neither notorious nor judicially
interdicted.

Part IV- Short Answer (6.5 marks all)

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Instruction: write your answer with a clear and readable handwriting on the answer sheet
left for this part.

1. Mention all the possible sources of Law.(1.5 mark)


2. Define personality according to law and mention the two types of personality (2.5 mark)
3. What is negotiable instrument and mention 3 commonly known negotiable instruments.
(2.5 mark)

Name_________________________________________ID.No.______________Section______

Answer sheet

Part I-True or False Items (1 mark each)

1._____________2.______________3._______________4._____________5.______________

6.____________7.______________8._______________9._____________10.______________

Part II-Multiple Choice Items (1.5 mark each)

1.____________2._____________3._______________4.______________5._______________

6.____________7._____________8._______________9._____________10._______________

Part III-Matching Items (1.5 mark each)

1___________2.__________3._____________4._____________5.___________

6.__________7.___________8.____________9._____________

Part IV-Discussion and short answer items (6.5 mark all)

1.

2.

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3.

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