Fast Racers makes an offer to sponsor Jacob a six year old renowned of his knowledge of high performance cars, for 500 000 if he can drive 270 km from pretoria to polokwane city in 20 minutes.

in terms of the law the speed limit is 120 km per hour on national roads

A. 1, is there a valid contract between Fast racers and jacob

2. would the answer be different if it was Mike they asked who is nine years older than Jacob

3. what are the requirements for a valid contract

B) when it comes o breach of contract : explain

• repudiation
• prevention of performance