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Tuesday, 5th May, 2015
Commerce 2(Essay) ------------ 1.00pm - 3.00pm
Commerce 1 (Obj) ------------- 3.00pm - 3.50pm
(4a)
-prevention of smuggling
-collection of data on import
-collection of taxes
-supplies information to traders
-implements government policy on restriction of
goods
(4b)
-provision of warehouse facilities: it provides
warehousing facilities ath the
airport where luggages are kept.
-provision of office accomodations: the authority
provides office space for
customs, airline companies, shops, police and
immigrations
-provision of control tower: it provides control
tower at each airport where
movements of aircrafts are monitored to avoid
accident.
-collection of taxes and levies: it collects airport
levies from airlines operators
and other users of its facilities
-provision of maintenance facilities: it provides
workshop in all airports where
repairs and maintyenance can be carried out on
aircrafts.
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(6a)
Contract is a written or spoken agreement,
especially one concerning employment,
sales, or tenancy, that is intended to be
enforceable by law.
(6b)
(i)Agreement.
(ii)Performance.
(iii)Frustration.
(iv)Breach.
(i)
AGREEMENT. A contract can be discharged
in precisely the same way it was formed. Notice
that there must be
consideration
from both sides.
(ii)
PERFORMANCE. Complete and proper
performance will discharge both parties.
The original rule was that performance
must be precise and exact.
(iii)
BREACH
which is serious enough to give the
innocent party this option of treating the
contract,either one party may show by express
words or by implications from his conduct
at some time before performance is due
that he does not intend to observe his
obligations under the contract
(anticipatory breach).
(iv)
FRUSTRATION The doctrine of frustration
operates in
situations where it is established that
due to subsequent change in
circumstances, the contract is rendered
impossible to perform, or it has become
deprived of its commercial purpose by an event
not due to the act or default of
either party.….
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