1 [10 MARKS] Identify the following legal concepts: 1.1 The type of sale where the seller is exempted from liability for latent defects. (1 mark) 1.2 Cathy borrows Jenny's cellphone. She likes it so much that she decides to buy it. The parties conclude a contract of purchase and sale. The form of delivery that takes place where Cathy gives the money to Jenny and retains the cellphone. [1 mark) TUTORIAL LETTER SEMESTER 2/2022 BUSINESS LAW BLW5125 10 1.3 A contract in terms of which one party pays a sum of money to another party in order to have the use and enjoyment of certain property. (1 mark) 1.4 The type of authority in terms of which members of a Close Corporation may conduct the business of the Close Corporation. (Imark) 1.5 The legal rule which intends to provide security of tenure for the lessee in the event of the lessor deciding to sell the property before the expiry of the lease. (1 mark) 1.6 The manner in which a lease agreement for an indefinite period of time is terminated. [1 mark) 1.7 The rule that states that the seller will be relieved of his/her duty to deliver if performance becomes impossible due to supervening circumstances, while the purchaser will still be liable for the purchase price if the contract is perfecta. (1 mark) 1.8 The situation where a person allows another person to create the impression that he/she has the authority to represent that first person. (1 mark) 1.9 The right of a landlord to attach the movable goods of his/her tenant to cover arrear rental. (1 mark) 1.10 The tax paid to the government by the purchaser of immovable property. (1 mark)