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3 QUESTION 5 Kojo is a successful businessman. Owing to his success and wealth, he is often taken advantage of when negotiating his business deals,
3 QUESTION 5 Kojo is a successful businessman. Owing to his success and wealth, he is often taken advantage of when negotiating his business deals, as other parties are aware that he can often afford to pay large. sums. Kojo accepts that this is part of business but is particularly concerned in relation to a few contracts as follows. Contract 1 This relates to a contract for the sale of some of Kojo's goods. Kwesi has sent Kojo a personal email message which states "You must sell me four of your motorbikes for GHS 1,000.00 each or there will be blood spilled, I know who your children are and the schools they attend". Kojo went ahead and did what Kwesi asked because he felt like he had no other alternative but to do so in order to protect his children. Kojo has come to you for legal advice as to whether there is any ground upon which he can rescind the contract with Kwesi. Advise Kojo accordingly. 3 Contract 2 This relates to a contract between Kojo and his Lawyer. Kojo's lawyer has persuaded Kojo to enter into a contract with him for the sale of Kojo's brand new Mercedes Benz, 2020 model at a ridiculously low price. In order to maintain a cordial relationship with his lawyer, Kojo agreed to sell his car to his lawyer at the said price. Upon a sober reflection, Kojo very much regrets selling the car to his lawyer at such a ridiculously low price. He has therefore come to see you for legal advice as to whether there is any ground upon which he can rescind the contract with his lawyer. Advise Kojo accordingly. INSTRUCTIONS TO PREPARE AND SUBMIT YOUR TAKE-HOME EXAMS (20 marks)
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