1.1 Answer true/false to each of the following and where False, provide thecorrection: 1.1.1 Natural persons refer to all humans' beings and juristic persons refers toentities with a legal personality. 1.1.2 Minority, marital status, intoxication, prodigality, insolvency, gender, mentalillness and criminal record affects one's capacity to contract. 1.1.3 Minors below 7 years of age have limited contractual capacity. 1.1.4 Pacta sunt servanda refers to the principle that 'agreements must be kept'. 1.1.5 Jane and John are married in community of property, this means that they share a join estate in terms of assets and liabilities and upon the dissolution of their marriage their estate will be split 50/50 Distinguish between a real right and a personal right. Provide an example ofeach. 2.1 List any FIVE elements of contracts 2.2 Examine the remedies for Breach of Contracts. QUESTION 3 3.1 Differentiate between the passing of risk and the passing of ownership. QUESTION 4 4.1 List and briefly explain the 4 types of profit companies recognized by SouthAfrica 4.2 List the instances when a partnership is terminated. QUESTION 5 5.1 Describe the rights of Surety