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Notes on 58 of 84 objectives.

Business Law

11 mins read · 13 questions

Explain definitions of law from the main schools of thought (e.g. natural law and legal positivism) at an introductory level.

12 mins read · 14 questions

Classify law as public or private, civil or criminal, substantive or procedural, municipal or international, and written or unwritten, with business examples of each.

11 mins read · 8 questions

Explain the functions of law in society and in business (maintaining order, settling disputes, protecting rights, facilitating commerce, promoting social change).

12 mins read · 8 questions

Identify the laws of Ghana listed in Article 11 of the 1992 Constitution: the Constitution, enactments of Parliament, orders, rules and regulations made under a power conferred by the Constitution, the existing law, and the common law.

13 mins read · 7 questions

Explain the supremacy of the Constitution and the relationship between the sources of law.

12 mins read · 6 questions

Explain that the common law of Ghana includes the rules of equity and customary law, and describe the role of customary law in commercial matters.

14 mins read · 14 questions

Explain judicial precedent (stare decisis) and how the hierarchy of Ghanaian courts determines which decisions are binding.

14 mins read · 8 questions

Explain freedom of contract and sanctity of contract, and the limits the law places on them.

14 mins read · 15 questions

Explain the principle of caveat emptor (contracting party beware) and how statute has qualified it.

14 mins read · 14 questions

Explain how the law protects the innocent third-party purchaser, including the nemo dat rule and its exceptions.

14 mins read · 8 questions

Explain reasonableness and intolerance of fraud as principles that shape contract rules (e.g. the reasonable person standard; fraud unravels all).

14 mins read · 12 questions

Define an offer and distinguish it from an invitation to treat (e.g. Partridge v Crittenden; Fisher v Bell; Pharmaceutical Society v Boots), including advertisements, displays of goods, auctions and tenders.

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