Mark is a young man of seventeen and a half years of age. He enters into a contract for the purchase of a motor vehicle and is duly assisted by his father. The purchase price of the vehicle is R400 000 and is presented by the seller, City Motors Ltd, as a 2020 model. After paying the purchase price and taking delivery of the vehicle, Mark discovers that it is in fact a 2010 model which is worth some R200 000 and not R400 000.

Answer the following questions:

(a) Is there a valid and binding contract between Mark and City Motors? Give reasons for your answer

(12)

(b) Are there any remedies for Mark, and if so,explain those remedies? (7)

(c) Would it make any difference if at the time of conclusion of the contract Mark was not in good health, had just found a job and was desperately in need of transport? (6)