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BFM 311: Money and Banking
| Institution | MOUNT KENYA UNIVERSITY |
| Course | FINANCE & ACCOUNTING |
| Year | 3rd Year |
| Semester | Unknown |
| Posted By | Codred Agencies |
| File Type | |
| Pages | 72 Pages |
| File Size | 458.06 KB |
| Views | 6388 |
| Downloads | 3 |
| Price: |
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Description
A standard definition of money is anything generally accepted for payment of a debt. A debt is an obligation incurred when a business transaction takes place. Money is a
medium of exchange sought for the purpose of transacting exchange of commodities /services / goods. A commodity chosen as money can not be used for other purposes rather ensuring that business transaction takes place. This then implies that a commodity taken as money must be universally accepted by the users if it has to retain its value.
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PROBATE AND ADMNISTRATION
A limited grant is a grant that does not give the personal representative authority
to act with respect to the whole estate in all respects until the administration is
completed. It is a restricted grant. The grant may be limited as to special purpose,
property or time or it may be one of the special types.
23 Pages
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ATP 102: PROBATE AND ADMNISTRATION
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This is the branch of law that deals with inheritance. The concept of inheritance is universal to all societies irrespective of their legal system, ideology or religion. This arises out of three basic philosophical considerations:
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LAW OF SUCCESSION
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This is the branch of law that deals with inheritance. The concept of inheritance is universal to all societies irrespective of their legal system, ideology or religion. This arises out of three basic philosophical considerations: that man needs to acquire some property for his own sustenance and leading a good life. Inheritance is one of the means through which property is acquired, the fact that man dies and leaves behind his property that should continue to be owned by those who are left behind, and the fact that man instinctively wants to have some control over his property even upon his demise.
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ATP 100: CIVIL LITIGATION
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Assuming the defendant has been served and opted not to defend the plaintiff may apply for judgment in default of defence. One has to find out whether they are entitled to final or interlocutory judgment both of which have different procedures. Assuming Defendant chooses to defend the action and as such has filed a defence.
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8 Downloads
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CIVIL LITIGATION SUMMARY NOTES
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Civil litigation is a process of making or defending or resisting a claim form the beginning up to its successful end by the enforcement of a judgment, if it is made.
60 Pages
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Introduction to Company Law
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The Kenya Companies Act No 17 of 2015 was assented to by the President on September 11, 2015, to replace the Companies Act Cap 486 that had been passed in 1962. The repealed Companies Act is based on the English Companies Act, 1948. While the new Companies Act has largely codified the provisions of the common law and rules of equity, it is envisaged that these will still apply where necessary, relevant or where the statute is silent or does not fully cover an area in question.
21 Pages
7670 Views
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Criminal Law 1
A crime is an offence which is prohibited by law and injurious to the public good and
which is enforced by courts and prosecuted by the State.
184 Pages
1392 Views
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COMPANY LAW IN KENYA
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The formation and winding up of a company in Kenya is governed by the Company’s
Act Cap 486 of the Laws of Kenya. The company legislation in Kenya owes its origin to
the English company law.
16 Pages
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Sexual Offences: Rape, defilement and allied offences
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Sexual offences – ‘offences against morality’ were originally provided for in the Penal Code, but with the passing of the Sexual Offences Act 2006 (hereinafter, the SOA), the latter statute became the main statute dealing with such offences. The Penal Code still however contains some provisions regarding these offences where the SOA 2006 is silent.
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GPR 106: CRIMINAL LAW
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In general terms crime may be defined as an act punishable by law as forbidden by statute or injurious to the public welfare.
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300 KB