Certified public accountants cpa past papers and answers click on the subject title to open then download in the new page or open the subject title as a new tab. Kisilwa, zaharani, business law instructor at the institute of accountancy arusha 2007 22 the content of this area mainly revolves around matters concerning the following. For this reason, accountants, who play a key role in almost every aspect of operations, must have a solid working knowledge of the law. Public law is concerned with the relation ship between the state and its citizens.
Click here to download free kasneb cpa materials,pastpapers and mock questions. Acquire a knowledge of the legal environment in which businesses operate in the domestic and international market place. Lecture one introduces you to the basic concepts of business law 1. Llb bachelor of legislative law course is the most common undergraduate course of legal law education offered by many law colleges and universities in india. Creation and termination of agency it is a general principle of contract law that only the parties to the contract acquire rights and liabilities under it. Establishing a business in tanzania practical law westlaw. Lesson 17 negotiable instruments exchange of goods and services is the basis of every business activity. Its focus is on the development of a its focus is on the development of a comprehensive legislated code. Contract law revision essential elements to a contract.
This pdf document allows you to expand the table of contents on the lefthand side of the page. Pezzutto v dreyer 1992 3 sa 379 a in this case the court held that a partnership. It also explains why the society needs law and how this law applies to the business transactions. Brief explain about history of indian contract act 1872. Individual person carrying on business without having registered a single member company. Although general partnerships are relatively easy to form, the simplicity of their structure often comes at the cost of a significant amount of risk. Lecture note, fivestep approach lecture notes cases for chapter 8 business information systems lecture notes week 5 part 1 lecture notes topic 10. The distinction between public and private law is illustrated in figure 1. It discusses the definition of law, the nature of law and its functions. Like a sole proprietorship, there is no legal separation between the business. The act came into force with effect from september 1st 1872. Here are all the links to access study material for law llb subjects which are taught in the first year, ie, semester 1 and 2.
Acquire an understanding of the principles of common law system within the students own legal system and how it affects their business life. S, business law manual, institute of accountancy arusha p. Government of zanzibar smz or any tanzania local authority. The terms and conditions of partnership are laid down in a document known as partnership deed. The law relating to contracts in india is contained in the indian contract act 1872. At all stages of business, running afoul of the law can hurt a business, while playing within the boundaries of the law can help the business to succeed. To what extent is business common sense the fundamental approach of the courts in resolving ambiguities and ascertaining the meaning of contractual terms and statements. Nov 18, 2009 notes on the law of contract prepared by. Therefore, it is imperative to know what business law is. The course examines the basic legal principles pertaining to contracts, torts, agency, sales, and business ownership.
All these transactions require flow of cash either immediately or after a certain time. Business law notes introducing law and contract law lecture notes 2014 definition of law law may be defined as a body of rules and regulations governing or regulating society, the enforcement of which is effected by way of sanctions. Criminal law v civil law public law v private law substantive law v procedural law. A limited liability company enjoys many advantages over a sole proprietorship and a partnership, including. Asked in tanzania, children and the law, civil lawsuits, business law. Business law notes lecture notes, lectures 1 7 chapters of the. A partnership can be seen to mean one of three things refers to the underlying legal relationship between parties the business entity itself the arrangement the parties themselves have entered into case. This course is an introduction to the legal system and the principles that govern business relations with particular reference to kenya. Thank you very much your international law notes were very useful indeed. Note that i am making no suggestion or warranty that any of these actual questions, or similar questions, will or will not appear on the actual exam. Internatonal notes lecture notes, lectures 112 roy baker lecture notes, lecture 2 introduction to international law sources international law lecture notes international law notes international law week 23. Pdf llb law 1st year notes, ebooks all subjects in.
Intellectual property and transactional law clinic general partnerships introductory overview a general partnership is the shared ownership of a business by two or more people. Goods are bought and sold for cash as well as on credit. Notes on income tax laws tax year 2012 muhammad ovais, deloitte th mfc 3 company. Contract law notes, cases, and past papers digestible notes. Jan 14, 2016 corporate law manual mzumbe university 1.
Its life does not depend upon the death, insolvency or retirement of any or all shareholder s or director s. In order to provide for these program and services, the government needs revenues. In that context, a contract may be described as an agreement that the law the courts will enforce. View notes bba 101 business law i from law 1 at harvard university. International law notes lecture notes, lectures 1 studocu. The background of the tanzania law of evidence project by dr. A partner in a firm is an agent of the firm, which will be bound by his acts. Companies act 2006 changes the documentation of company constitutions. A general partnership is the shared ownership of a business by two or more people. Significance and relevance to modern civilized society sources of indian law.
Two or more people carrying on business together and not registering a company to use for their business. Page 1 sample exam questions, business law these are the type of questions that have appeared on my exams in the past. Civil law is the system of law derived from roman law. Advanced business law and the legal environment is an uptodate textbook with coverage of legal and regulatory issues that are more technical than the topics in the authors foundations of business law and the legal environment. Hoseah, director general prevention and combating of corruption bureau conference of the law of evidence held on november 2122, 2014northwestern university. Like a sole proprietorship, there is no legal separation between the business and the individual partners. Such contract must have the essential elements of a contact. You can easily search, bookmark, highlight, and underline the text material.
You may easily access these 1st year llb notes and ebooks by visiting the below links for each subject. Law llb first year semester 1 lecture notes ebooks, study. If you break breach the contract, the other party has. Payne a new legal entity poised to enter onto the commercial stage r r0 21 company lawyer 3 4. Pdf contract law notes, ebook free download for llb students. He merely has to satisfy the tanzania revenue authority of the extent of his profit or. Business registration centre in respect of every business. Constitutional and administrative law is one of the core subjects required for a qualifying law degree and so is a compulsory part of undergraduate law programmes and graduate diploma in law programmes.
Business law notes lecture notes, lectures 1 studocu. One of the reasons for studying business law is to learn to predict what the law will be in the conduct of businesses both at the national and international level. Business law is that part of the law which deals with mercantile transactions of mercantile people. In the united states, the role of the government extends from providing for national defense to providing social security and medicare to the elderly. When business people or commercial institutions enter into agreements, there is a. Income from house property, profit and gains of business or profession, capital gains, income. Law relating to the electronic banking in tanzania despite of being not recognized by our domestic law, but it has reached a time where by ebanking are needed to be monitoring by its own specific law as the way different nations has made step forward in dealing with ebanking problem by enacting specific legislation, for example the. Distinct and separate legal personality separate from. Chapter three analyses the liability and types of paper based and digital contacts. The state consequently plays a major role in company law. Company law is about the formation of companies, their continuing regulation during their life and the procedures for dealing with their assets when they are terminated on liquidation.
Law relating to the electronic banking in tanzania in tanzania although no specific law dealing or monitoring electronic banking, but electronic evidence in tanzania is recognized by law, as can be traced back in the case of trust bank tanzania ltd v. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. International business laws pondicherry university. Paper 4 fundamentals of business mathematics and statistics the institute of cost accountants of india cma bhawan, 12, sudder street, kolkata 700 016. Minipresentations group 1 torts tort is conduct that harms other people or their property. It is a private wrong against a person for which the injured person may recover damages, i. In modern business, large number of transactions involving huge sums of money take place everyday. The students may note that notified sections of the companies act, 20 does not have any impact on the finance. It covers many different types of laws and many different topics. A company is a stable form of business organization. A valid contract is an agreement, which is binding and enforceable.
Significance and relevance to modern civilized society. Student company secretary as well as other law professional journals on tax laws. Bba 101 business law i kenyatta university institute of. An introduction 4 overview access to text all of this material in this text is available in desktop and mobile browser or pdf format at. Members may come and go but the company can go on for ever. There are various ways in which the law may be classi. Contract of indemnity and guarantee contract of bailment and pledge a bailment b pledge. Introduction to taxation government plays an important role in most modern economies.
Oct 04, 2015 hi fellow law students, i am sharing pdf notes, book and ebook for the subject contract law for llb and ba. This notion of enforceability is central to contract law. The individuals dealings will be governed by the general law of tort, contract, trust etc. M international business law wales, uk joel laurent ll. A well recognized exception to this general rule is the concept of agency. Reporting advanced management accounting advanced public finance alternative investments analysis audit and assurance business communication commercial. Business law notes lecture notes, lectures 1 7 studocu. However the dominant law in tanzania is not customary law, why is this so. A change in the law is imperative to ensure clarity in the law and to stop a slavish adherence to the neoclassical theory of contract law. A partnership can be formed only on the basis of a business activity. Law, practice and policies governing the employment of the funds in the hands of the banker with special. Definition and forms of contracts the law of contract is concerned about the legal enforceability of promises.
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