Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Choose the correct answer from the given options in each of the following questions. Only write down the correct letter next to the corresponding question

Choose the correct answer from the given options in each of the following questions. Only write down the correct letter next to the corresponding question number (i.e. 5.1 (A)). 5.1 Consider the following statements: (1) J agrees to deliver his farm Sweet Valley to P in exchange for Ps farm. (2) J agrees to deliver his farm Sweet Valley to P against the payment of N$ 5 mil (3) J agrees to deliver a game farm of Ps choice against payment of N$ 5 mil. (4) J agrees to deliver his farm sweet Valley to P against payment of a price to be determined by Standard Bank. Indicate in which statements valid contracts of sale were concluded:

1 & 2

1 & 3

1 & 4

2 & 4

5.3. Which of the following breaches the duty of good faith in law of agency?

Secret profits and conflict of interest.

Secret profits and the doctrine of the undisclosed principal.

Secret profits and the incurring of liability of the principal.

When the agent does not account properly.

5.4. Which one of the following actions can the purchaser use if the merx has a defect which does not render it completely useless?

Actio Quanti minoris

Actio redhibitoria

Rei vindicatio

Actio ex empti

5.5 Whilst on his way to deliver bread at one of the local stores, Felix, the driver at B & B Bakery is involved in an accident. Alex's car is badly damaged as a result of the accident caused by Felix's negligent driving. Alex wants B & B Bakery to repair his car.

Consider the following statements regarding vicarious liability: 1. The employee must have acted in the course or scope of his or her duties. 2. The employee must not have been negligent in his duties. 3. The employer must have been promoting the business of his or her employee. 4. The employee must have been promoting the business of his or her employer. Which of the above is/are NOT requirements for vicarious liability?

only 2

only 4

2 and 3

1 and 4

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Focus On Personal Finance

Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes

2nd Edition

0073530638, 9780073530635

More Books

Students also viewed these Finance questions

Question

=+3-1 Explain the difference between basic and applied psychology.

Answered: 1 week ago

Question

What is meant by organisational theory ?

Answered: 1 week ago

Question

What is meant by decentralisation of authority ?

Answered: 1 week ago

Question

Briefly explain the qualities of an able supervisor

Answered: 1 week ago

Question

Define policy making?

Answered: 1 week ago

Question

Define co-ordination?

Answered: 1 week ago