Answer ALL the questions in this section. Question 1 (7 Marks) List the 7 requirements for a valid contract. Question 2 (15 Marks) Consensus is a very important requirement for there to be a binding contract between the parties. Explain the two circumstances under which, even though there might be a factual consent, one may object to being bound by the contract because their consent was improperly obtained. Question 3 (20 Marks) Discuss what is meant by prescription in terms of south African law and identify the factors that may lead to the i) suspension and ii) interruption of the running of prescription. Question 4 (10 Marks) State and explain the five (5) kinds of constructive delivery. Question 5 (8 Marks) Discuss the circumstances under which a seller may be held liable for latent defects