PCLL Conversion Notes and Model Exam Answers (PCLL Conversion Past Paper Answers) for Commercial Law for the PCLL Conversion Examinations.
1. Part A: Sale and Acquisition of GoodsTransfer of Title
- The rule nemo dat quod non habet
- Exceptions to nemo dat
- Legal and Equitable Interest
- Sale of Goods
- Duties of Sellers and Buyers, Express and Implied Terms
- Implied Terms
- Passing of Property
- Applicable nemo dat exceptions
- Remedies
- Non-sale Acquisitions: nemo dat and Gifts
- Applicable nemo dat exceptions
- Gifts – Conditional Gifts – Gifts of Future Property
2. Part B: Personal Property
- Personal Property and Interests in Personal Property
- Types of Personal Property – Chose in Possession – Chose in Action
- Ownership (especially mere equities) – Possession (finders’ possessory
- interests) – Bailment;
- Legal and Equitable Assignment
- Credit and Security
- Types of Security: Pledges – Liens – Mortgages (other than of land) – Bills of Sale – Fixed and Floating Charges
- Retention of Title (Romalpa) Clauses
- Set-off;
- Assignments of Choses in Action: Statutory, Legal and Equitable Assignments
- Rules of Priority
- Banking and Customer Relationship
- Negotiable Instruments: Bills of Exchange
3. Part C: Consumer Credit and ProtectionRegulatory Framework
- Money Lenders Ordinance and Pawn Brokers Ordinance
- Function and Power of Consumer Council, Funds for Litigation and Group Litigation
- Consumer Credit
- Law of Guarantees
- Consumer Protection
- Unconscionable Contracts Ordinance
- Control of Exemption Clauses Ordinance
- Supply of Services (Implied Terms) Ordinance
- Money Lenders Ordinance
- Protection of Vulnerable Consumers: Misrepresentation, Undue Influence, Duress
- Powers and Responsibilities of Personal Guarantor
- Doctrine of relation back and unfair preference