BFB 3201: BUSINESS LAW NOTES

Institution MERU UNIVERSITY
Course BUSINESS MANAGEMENT
Year 3rd Year
Semester Unknown
Posted By Mwalimu Evans Okoyo.
File Type pdf
Pages 107 Pages
File Size 457.57 KB
Views 7855
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Description

The purpose of the course is to examine the candidates’ ability to understand the legal principles relevant to businessmen and knowledge of the basic principles of law. Law creates rules that govern the relationship between the state and private citizens and also citizens themselves. Law is important because it creates certain rights which are fundamental to the maintenance of order in society. Therefore, the essence of this course is to enable the business student acquire some understanding of laws governing business operators, managers, and their customers in business environment.
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The Law of Contract Act 1961, S. 2(2) provides that, except as may be provided by any written law for the time being in force, the common law of England relating to contract, as modified by doctrines of equity and by the Acts of the United Kingdom Parliament specified in the schedule to the Act, to the extent and subject to modifications in the said schedule, shall extend and apply to Kenya.
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