Question
QUESTION 3 (20 Marks) Anele wishes to enter into a sale agreement with his best friend Maciela for the purchase and sale of a Business
QUESTION 3 (20 Marks) Anele wishes to enter into a sale agreement with his best friend Maciela for the purchase and sale of a Business Law Textbook. Anele is the owner of the textbook and has placed an advert on his messaging app status which states Business Law Textbook for sale. DM if interested. Price is R 300.00, non-negotiable. Maciela responds saying that she wishes to purchase the textbook, but she will confirm when they receive their allowance at the end of the week. Anele advises her that he will reserve the textbook for her until the end of the week before selling it to another potential buyer. He is aware that Maciela does not usually stick to her promises and is usually very thrifty with money and always asks for discounts when shopping. Based on the above scenario 3.1 Identify and discuss the elements of a valid contract between Anele and Maciela (15 marks) 3.2 Are the THREE (3) key elements of a sale present? If yes, identify these elements. (5 marks)
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