Course info

To enable the students to gain knowledge of the legal aspects relating to the business functioning such as the legality of contracts, sale of goods, agency, bailment etc.

CONTENT

Law of contract: contract and its essentials – different types of contracts – offer and acceptance – capacity of parties to contract – consideration- coercion – undue influence – misrepresentation – fraud – mistake – legality of objects – unlawful and illegal agreements  - agreements in restraint of trade – quasi contracts – performance of contract – breach of contract.

Sale of goods act: The contract of sale, duties of seller and buyer, transfer of diner ship, rights of unpaid seller against the goods, sellers personal remedies, buyers personal temerities, auction sales, international trade contracts. 

Law of agency: nature of agency – creation of agency –classification of agents – relation of principal and agent – relation of principal with third party – responsibilities of principal and agent termination of agency.

Law of Bailment  - Bailer and Bailee relationship – duties and responsibilities.

Law of negotiable instruments – cheques, bills of exchange, promissory notes  - preparation, drawing collection, dishonouring and legal consequences of if.

Part 2:  TAXATION                                                            

OBJECTIVE

To introduce the taxation system of Rwanda with reference to the incomes earned by the individuals partnership firms, associations co-operatives, trusts and corporations.

CONTENT  

• Rwanda income taxation system
• Role and functioning of Rwanda Revenue Authority
• Rwanda income Tax-Act.
• Income and deductibility
• Income Tax Assessment – different sources of income.
• Problem of tax evasions and remedial measures
• Penalties and prosecutions
• Capital gains tax