Question 12 Not yet answered Marked out of 10 Flag question In each of the following instances, identify the type of authority: A. The right of an executor to dispose of the assets of a deceased estate B. A, B and C are in a partnership. They instruct partner A to buy a racehorse on behalf of the partnership. Leave a message X any of the parties involved The situation whereby a principal chooses to accept an unauthorised Choose... act Choose... The situation which involves the substitution of the original lessee with another and also substitution of the original lessor with another The situation whereby a Leave a message X Question 7 Not yet answered Marked out of 2 Flag question Which of the statements below is true? O a. If a long lease is not registered and the buyer was not informed, the lessee can only continue the lease until the first ten years. ob. If a long lease is not registered and the buyer was not informed, the lessee cannot stay after the property has been bought oc. If a long lease is not registered and the buyer was informed of the lease before buying, the lessee has a right to continue with the lease beyond the ten years. Leave a message X Question 6 Not yet answered Marked out of 2 Flag question A partnership consisting of Amukongo, Van Zijl and Tjiuoro leases a part of the partnership property to Tjiuoro. Tjiuoro does not pay the rental. What can Amukongo and Van Zijl do? a. Reduce his profit-sharing ratio O b. Nothing, because the relationship between partners is like that between brothers O c. Reduce his share in the partnership fund O d. Break his legs O e. Institute action against him on behalf of the partnership Leave a message x Question 8 Not yet answered Marked out of 2 Flag question Hire goes before sale means: O a. It is a security of tenure in the event of the lessor deciding to sell the property before expiry of the lease O b. Once the lessor loses or transfers his/her title to the leased property, the lease agreement will terminate O c. The successor-in-title has a right to evict the lessee d. You must first enter into a lease agreement before you can buy the property Leave a message x Question 9 Not yet answered Marked out of 2 Flag question Below are the rights of a lessee, one of them is not correct. Which one? O a. The lessee has the right to sublet an urban property it is not prohibited by the lease agreement. O b. A lessee can sublet a rural tenement that is located in Windhoek municipality with prior consent from the lessor. c. With a rural tenement no prior consent is required if the lessee wants to sublet Previous page Leave a message X Section 13 of the Credit Agreements Act 75 of 1980 provides as follows: a. None of the above answers b. The credit receiver shall be entitled to recovery of the goods within 30 days in the event where the credit grantor takes matters in his own hands and repossesses goods by any other means than a court order c. The credit receiver may not trade in goods as a deposit Od. The credit receiver may cancel within 5 days if the agreement is entered into as a result of the initiative of the credit grantor or the credit receiver signed the agreement at a place, which is not the normal place of business of the credit grantor Leave a message X behalf of the company Express authority D. Susy previously worked as buyer for a Budget Clothing but has now been transferred to a different position with the same company. Without permission, she buys stock for Budget Clothing from a factory that has had previous dealings with her on numerous occasions. Budget Clothing is bound to the contract. Express authority E. Mbeki buys a cell phone for Jane from Cells 'r Us. She tells them that Jane will pay them tomorrow. Jane did not give her permission and does not want the cell phone. Apparent authority Leave a message X Question 12 Not yet answered Marked out of 10 Flag question In each of the following instances, identify the type of authority: A. The right of an executor to dispose of the assets of a deceased estate B. A, B and C are in a partnership. They instruct partner A to buy a racehorse on behalf of the partnership. Leave a message X any of the parties involved The situation whereby a principal chooses to accept an unauthorised Choose... act Choose... The situation which involves the substitution of the original lessee with another and also substitution of the original lessor with another The situation whereby a Leave a message X Question 7 Not yet answered Marked out of 2 Flag question Which of the statements below is true? O a. If a long lease is not registered and the buyer was not informed, the lessee can only continue the lease until the first ten years. ob. If a long lease is not registered and the buyer was not informed, the lessee cannot stay after the property has been bought oc. If a long lease is not registered and the buyer was informed of the lease before buying, the lessee has a right to continue with the lease beyond the ten years. Leave a message X Question 6 Not yet answered Marked out of 2 Flag question A partnership consisting of Amukongo, Van Zijl and Tjiuoro leases a part of the partnership property to Tjiuoro. Tjiuoro does not pay the rental. What can Amukongo and Van Zijl do? a. Reduce his profit-sharing ratio O b. Nothing, because the relationship between partners is like that between brothers O c. Reduce his share in the partnership fund O d. Break his legs O e. Institute action against him on behalf of the partnership Leave a message x Question 8 Not yet answered Marked out of 2 Flag question Hire goes before sale means: O a. It is a security of tenure in the event of the lessor deciding to sell the property before expiry of the lease O b. Once the lessor loses or transfers his/her title to the leased property, the lease agreement will terminate O c. The successor-in-title has a right to evict the lessee d. You must first enter into a lease agreement before you can buy the property Leave a message x Question 9 Not yet answered Marked out of 2 Flag question Below are the rights of a lessee, one of them is not correct. Which one? O a. The lessee has the right to sublet an urban property it is not prohibited by the lease agreement. O b. A lessee can sublet a rural tenement that is located in Windhoek municipality with prior consent from the lessor. c. With a rural tenement no prior consent is required if the lessee wants to sublet Previous page Leave a message X Section 13 of the Credit Agreements Act 75 of 1980 provides as follows: a. None of the above answers b. The credit receiver shall be entitled to recovery of the goods within 30 days in the event where the credit grantor takes matters in his own hands and repossesses goods by any other means than a court order c. The credit receiver may not trade in goods as a deposit Od. The credit receiver may cancel within 5 days if the agreement is entered into as a result of the initiative of the credit grantor or the credit receiver signed the agreement at a place, which is not the normal place of business of the credit grantor Leave a message X behalf of the company Express authority D. Susy previously worked as buyer for a Budget Clothing but has now been transferred to a different position with the same company. Without permission, she buys stock for Budget Clothing from a factory that has had previous dealings with her on numerous occasions. Budget Clothing is bound to the contract. Express authority E. Mbeki buys a cell phone for Jane from Cells 'r Us. She tells them that Jane will pay them tomorrow. Jane did not give her permission and does not want the cell phone. Apparent authority Leave a message X