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QUESTION 10 Sarel assists at a local SPCA on weekends. He is aware of the cash flow problems SPCA experiences. He is awaiting a pay-out

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QUESTION 10 Sarel assists at a local SPCA on weekends. He is aware of the cash flow problems SPCA experiences. He is awaiting a pay-out from the Road Accident Fund (RAF) in a couple of months. He orally informs the SPCA that he will donate an amount of R10 000 to the SPCA as soon as he receives his money from RAF. Discuss whether a valid contract of donation was concluded or not. (4)

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