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Identify the form of termination of an obligation in each of the following situations: 1.1 Raymond enters into an agreement with Sterns to buy a
Identify the form of termination of an obligation in each of the following situations:
1.1 Raymond enters into an agreement with Sterns to buy a wedding ring at the end of the month. Two days before the end of the month, Raymonds girlfriend breaks up with him. Raymond and Sterns agree that he will purchase a watch instead. (2 marks)
1.2 Beauty rents a house from Patience with an option to buy the house. Three months thereafter, Beauty buys the house. The rental agreement terminates. (2 marks)
1.3 Claire agrees to cook for Nick for the next three months. Nick claims that the contract was for five months. The parties agree that she would cook for four months. (2 marks)
1.4 Chris agreed to give Janine a lift to work for the next two months. A week after conclusion of this contract, Janine buys her own car and informs Chris that she no longer needs a lift to work. Chris accepts this. (2marks)
1.5 Cathy rents an office from Michelle at N$2 000 per month for a period of one year. Shortly after their agreement the office is totally destroyed by fire caused by an electrical short circuit. The lease agreement will be terminated. (2marks)
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