Question
1 Identify the type of contractual clauses that are evidenced by the following scenarios or extract from contracts: Q.2.1.1 No variation or consensual cancellation of
1 Identify the type of contractual clauses that are evidenced by the following scenarios or extract from contracts:
Q.2.1.1 "No variation or consensual cancellation of this Lease shall be of any force or effect unless reduced to writing and signed by both parties". (2)
Q.2.1.2 Mark undertakes to buy Lucy a new car after Lebo dies. (2)
Q.2.1.3 Ben enters into a lease agreement with Sipho to rent Sipho's house for a period of two years. (2)
Q.2.1.4 "Should no amounts be due and owing to the lessor in terms of the lease, the deposit, together with the accrued interest in respect thereof, must be refunded by the lessor to the Lessee, without any deduction or set-off, within 7 (seven) days of expiration of the lease". (2)
Q.2.1.5 Nelson donates a house to Penny, subject to the strict condition that she must allow part of it to be used as a soup kitchen for the needy in her area. (2)
Q.2.1.6 Kudu sells his erf with a house on it to Princess for R650 000. The contract is put into writing and signed by both parties. The contract contains the following provision: "This sale is subject to Princess obtaining a loan for the purchase price within 20 days from the signing of the contract from FNB against security of a first mortgage bond on the land". (2)
Q.2.1.7 "An automatic late charge of R300 (One Hundred Rand) will be assessed for rents not received by 12h00 on the date that the rent is due". (2)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started