14) Distinguish between Affirmative warranties and promissory warranties as understood in Insurance law.

15) Discuss in detail the claiming of damages as a remedy for breach of contract.

16) Summarize the concept of risk in a contract of sale and the factors that are relevant to the passing of risk.

17) Distinguish between cash and credit sales.

18) Provide a detailed discussion on the transfer of personal rights. Include in your response the requirements and consequences, if any.

19) You are a horse trader and you have been storing several of your highly priced stallions in a stable. You are woken by a mobile call alerting you to a fire that has broken out in one of the stables. You rush over only to find that the fire was contained to one stable and that two of your horses have perished in the fire. You realise that you have a written contract of sale for one of those horses and that the buyer is scheduled to come over tomorrow to collect the horse. Your past experience tells you that in order for a contract to be considered valid, the contract must be possible to perform. You are seriously concerned about the possibility of the sale contract being invalid. In a haste, you quickly google “physical impossibility and legal impossibility of performance in contracts.” Record your findings to discuss with the buyer.