Commercial law, also known as mercantile law or trade law, is the body of law that applies to the rights, relations, and conduct of persons and business engaged in commerce, merchandising, trade, and sales. It includes laws on business contracts, sale of goods, banking, insurance, finance, partnership, bankruptcy, and taxation.
According to the monetary policy committee, the country has recently registered inflation of 9% which has been the lowest in the past five months. The decline in inflation spearheads glimmering economic recovery through ease of cost of living which has been glaring over the past years. However, the adverse effect of inflation over the past […]
However, the act has not undergone any significant amendments, as is the case in other countries like the UK. As a result, the Sale of Goods Act (SGA), Cap. 31 Laws of Kenya, has proven to be insufficient for modern business transactions. The Act contains a number of antiquated sections that need to be reformed […]
This paper, therefore, looks at the 2023 taxation outlook in Kenya and discusses areas of change to the national tax policy and recommends adjustments that will reduce the country’s consistent deficit brought about by low tax collection. This paper further proposes some changes to the tax side of the budget that would help increase revenue […]
Substantive arguments The true value of labour A labourer who knows the true value of his labour is an unwelcome guest within a society that has embraced capitalism. Labour has proven to be essential, and the same opinion manifested itself in the mind of John Locke when he came up with the labour theory of […]
The proposal by KRA that has been lingering in many people`s minds is the plan to integrate its tax system with the telecommunication companies, the target being Kenyans who majorly transact via mobile money platforms. KRA will be tracking the 16 percent value-added tax (VAT) on sales as well as the 20 percent excise duty […]
Consumer protection has been entrenched in Article 46 of the Constitution which lays forth the rights of consumers including the right to the protection of consumers’ health, safety and economic interests (emphasis added), and gives Parliament the mandate of enacting comprehensive legislation on consumer protection.[1] To this end, the Consumer Protection Act provides for the […]
It is expected that the year ahead may perhaps mark a change in fortunes. Kenyans will expect the Executive to act decisively so as to alleviate the pains associated with the rising costs of living. The Executive will also be expected to deal with the increased instances of insecurity that have been on the rise […]
Background of the issue It is now a normal occurrence that cyclists are perceivedas less “worthy” road users compared to motorists. To defend this position, one may term it as a manifestation of social classes on the roads. With the less economically empowered- the cyclists, against the motorists with a stronger financial muscle. The aforementioned […]
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