Question
According to www.accaglobal.com Kabelo is sitting with a group of his friends outside a restaurant by the river. He says that he will give P1000
According to www.accaglobal.com Kabelo is sitting with a group of his friends outside a restaurant by the river. He says that he will give P1000 to anyone who can swim across the river. Kabelo puts the amount of the money on the table to show the seriousness of his challenge. Modisa is not with Kabelos group but is sitting at the table next to Kabelo. He hears the promise but does not say anything. Suddenly a child falls into the water from the other side of the river. Modisa dives into the water and begins to swim to her rescue. As Modisa is approaching the child, Kabelo shouts out: Dont think you are going to get my P1000 because I am withdrawing the offer! Modisa nonetheless rescues the child and climbs out onto the other side of the harbour.
a. What type of a contract is this? (5 marks)
b. Was the Offer there? (5 marks)
c. Was there an acceptance of the offer? (5 marks)
d.Explain Revocation in this case. (5 marks
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