Business Law Flashcards

1
Q

Define law

A

A set of rules and regulations that have been established to govern individuals and organizations within a country

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2
Q

Define morality in law

A

A set of principles and standards of conduct that are derived from a sense of what is objectively right and wrong

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3
Q

Characteristics of law

A

Fixed
Recognises a legal issue/problem
Enforced by the government
Sources of law are known
Consistency in the application
Stability and predictability

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4
Q

Characteristics of morality

A

Flexible
Defines good and wrong
The society observes and enforces it
Has a strong religious/traditional background
Influences the law
Involves reasoning and consideration
Evolving

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5
Q

Define public law

A

Described as the branch of law which regulates relationships between citizens and the state and regulates operations of the various organs of the state

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6
Q

Public law embraces

A

Constitutional law
Administrative law
Criminal law

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7
Q

Private law

A

Is the branch of law that embraces the law of contract law of torts law of succession law of agency law of insurance

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8
Q

Substantive law

A

Are legal rules which define or specify what is lawful or unlawful to do

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9
Q

Example of substantive law

A

In marriage only a man or woman can get married and should not be related and should be of age

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10
Q

Procedural law

A

Is the body of rules which define the steps to be taken or the procedure to be followed by people who intend to do lawful acts

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11
Q

When substantive law changes which law changes with it

A

Procedural law

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12
Q

International law

A

A set of rules and principles that govern the relationship between nations

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13
Q

International law is a branch of public law and has two branches which are

A

Public and private

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14
Q

Define public international law

A

Regulates relationships between various nations

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15
Q

Define private international law

A

Determines the national law that is to be applied by courts in a case involving two different nationalities

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16
Q

What’s the other name of Private international law

A

Law of conflict

17
Q

What does private international law deal with

A

Jurisdictional issues of contracts and enforcement

18
Q

Source of law

A

The constitution of Kenya 2010
Statutes/Act of Parliament
Subsidiary legislation
Case law/decided cases
International law
Equity
Common law
African customary/hindu/islamic law

19
Q

Define statutes

A

Formal written enactments of legislative body typically commanding/prohibiting something or declaring a policy

20
Q

Constitution

A

Is the fundamental rule book for a state laying out the essential principles by which state is governed

21
Q

Key factors of the constitution of Kenya

A

Had 18 chapters and provides for
citizenship
National language days symbols
Rights and freedoms
Creates the arms of government and constitutional offices and bodies

22
Q

What are some of the statutes/acts of parliament

A

Substantive statutes :
The contract act
The companies act
The hire purchase act
The insurance act
The marriage act
The sale of goods act

Procedural statutes
The civil procedure code
The criminal procedure code

23
Q

Judiciary

A

Refers to the system of courts and judges that interpret and applies the law in a country

24
Q

When parliament makes the laws what does judiciary do

A

They play a critical role in interpreting the law and determine if it’s consistent with the Constitution of Kenya

25
Q
A