1 1.1. Briefly explain which four elements characterise an obligation or obligatio. (4) QUESTION 2 2.1. When does an agreement between two or more parties constitute a contract? (2) 2.2. What are the legal requirements of a valid contract? Name any four. (4) QUESTION 3 3.1. Explain briefly why a social agreement, joke or mere promise is not a contract.(2) 3.2. In each of the following statements, identify the appropriate way of terminating an offer: a) Moses offers his car for sale to Mildred for R70 000 and Mildred tells him that she is not interested; (2) b) Henry offers his car for sale to Hilda for R110 000, but before Hilda could accept the offer Henry tells her that he is no longer selling the car. (2) QUESTION 4 4.1. In the following scenarios, indicate the factor influencing consensus: 4.1.1. Hector wants to propose to his girlfriend at a very elegant restaurant. Hector finds the website of a restaurant called the Stylish restaurant. The website also shows that it is a five star restaurant, where clients will enjoy a dining experience. Hector pre-books and pays for a bottle of champagne and a special starter in which the ring will be placed. When Hector and his girlfriend arrive at the restaurant, Hector finds that the Stylish restaurant is a take-away restaurant that offers informal seating on the lawn outside. (2) 4.1.2. Q concludes a contract with D, whereby Q will sell his vintage motorcycle to D for R1 000. Q only agrees to the contract because D is holding Q's wife hostage. (2) very elegant and private