business law

Answer ALL the questions in this section. Question 1 (10 Marks) A contract of sale is distinct from other types of contracts because it has two additional requirements for validity. In order for a valid sale agreement to be concluded, the parties must agree on i) the object of sale and ii) on the purchase price. Briefly explain what each of these two requirements entail. Question 2 (10 Marks) A contract of sale gives rise to obligations for both the seller and the buyer. Briefly discuss the obligations of both the seller and the buyer as recognised in our law. Question 3 (10 Marks) Discuss the common law remedies that are available for a breach of sale agreement. END OF PAPER