Question 1 (a) What are the essentials of a valid lease? (3) (b) Discuss the essential elements of a valid partnership. (7) (c) Tenant X is three days in arrears with his rent. Landlord Y fears that X may leave the country without paying his rent. Advise Y. X has the following property: A bedroom suite bought on instalment-sale agreement there is only one payment outstanding; A ruby and diamond ring; A BMW, which X's sister uses; and An old car, which X does not use but which is parked in the garage on Y's property.