Question
Instructions to students: - Students are to refer to a minimum of 5 academic sources when undertaking the case study. - The module guide is
Instructions to students:
- Students are to refer to a minimum of 5 academic sources when undertaking the case study.
- The module guide is not a primary source of reference and should not be the source of answers to the below questions.
- Students are to provide an independent application of the law i.e students must use legal reasoning and show their own thought process in answers.
- Students are to refer to South African law. - Referencing is critical.
Read the case study below and answer ALL questions
Contracts play a pivotal role in daily business transactions. A contract has various provisions which are critical to an agreement and which allow it to be binding in law. It is thus important that a contract be drafted correctly. Mr. Naidoo, wishes to contract with Mr. Sanders. Mr. Sanders shall supply Mr. Naidoo with large specified quantities of cement each month. Mr. Naidoo requires that all legalities and the relevant legal formalities be complied with. Mr. Naidoo seeks your advices on the law of contract.
Mr. Naidoo is mindful of the fact that contractual obligations may not always be fulfilled by parties to the agreement. He wishes to understand the term breach as well as the remedies in law for breach of contract.
2. You are required to fully discuss FIVE (5) remedies for breach of contract which exist. You must provide a practical example of each breach. (15)
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