Business Law PDF notes CPA CS CCP


Download Business Law PDF notes.

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Elements of Legal systems

Nature, purpose and classification of law

– Meaning of law
– Nature of Law
– Purpose of law
– Classification of law
– Law and morality

Sources of law

– The Constitution
– Legislation
– Substance of common law and doctrines of equity
– African customary law
– Islamic law
– Judicial precedent
– General rules of international law and ratified treaties

Administrative law

– Meaning of administrative law
– Functions of administrative law
– Doctrine of separation of powers
– Principles of natural justice
– Judicial control of the Executive

The court system

– Establishment, Structure, composition and jurisdiction of courts
– Supreme Court
– Supreme Court
– Court of Appeal
– High court
– Employment and labour court
– Magistrate courts
– Courts martial
– Kadhis courts

Alternative dispute resolutions

– Nature of Alternative dispute resolutions
– General Principles of ADR
– Mediation
– Negotiation
– Conciliation

Law of persons

– Natural persons
– Nationality, citizenship and domicile
– Unincorporated associations
– Incorporated associations
– Co-operative societies

Law of tort

– Nature of tort
– Negligence
– General defences in the law of tort
– Vicarious liability
– Strict Liability
– Defamation
– Occupiers liability
– Limitation of actions

Law of contract

– Definition of contract
– Classification of contracts
– Essentials of valid contract
– Terms of a contract
– Vitiating factors
– Illegal contracts
– Discharge of contract
– Remedies for breach of a contract
– Limitation of actions

Sale of goods

– Nature of the contract
– Formalities of the contract
– Terms of the contract
– Implied terms statute
– Rights and duties of the parties
– Auction sales
– International contracts of sale: FAS, FOB, CIF, FCA, CPT, CIP, DAT, DAP, DDP, CFR, DAF, DES, DDU, Ex-works and Ex-ship

Hire Purchase Contracts

– Nature of the hire purchase contract
– Difference between hire purchase and conditional sale/credit sale
– Formalities of the hire purchase contract
– Implied terms of the hire purchase contract
– Rights and duties of the parties
– Termination and completion of the hire purchase contract


– Meaning, nature of agency contract
– Types of agents
– Creation of agency
– Authority of an agent
– Rights and duties of the parties
– Termination of agency


– Nature of partnership
– Types of partnership
– Rights, duties and liabilities to existing, incoming, outgoing and minor partners
– Management of partnerships
– Dissolution of partnership and its consequences

Indemnity and Guarantees

– Nature of the contracts
– Rights and duties of the parties
– Termination of contract
– Remedies for breach of contract


– Nature of the contract
– Formation of the contract
– Principles of insurance
– Types of insurance
– Termination of the contract

Negotiable instruments

– Nature and characteristics
– Negotiability of the instrument
– Types: Cheques, promissory notes, bills of exchange
– Obligations of the parties

The law of property

– Definition of property
– Classification of property (real and personal, movable and immovable, tangible and intangible)
– Property in land: Private, Public and Community land
– Interests in land: estates, servitudes and encumbrances
– Intellectual property: plant breeder’s patents, trademarks, copyrights and
– Industrial designs

Emerging issues and trends

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