Remaining Time: 2 hours, 07 minutes, 40 seconds. Question Completion Status: QUESTION 32 7 points Read the scenario below and answer the question that follows. Jaco advertises his Fiat car in the Argus newspaper for R50 000. John reads the advert and contacts Jaco to inspect the car. After inspecting the car, John calls Oliver and tells him that he has Fiat for sale for R60 000.00. Oliver tells John that he wants to buy the Fiat. John buys the Fiat from Jaco and then sells it to Oliver for R600000.00. In this scenario, did John act as Agent for either of the parties? Motivate your answer by referring to the requirements Click Save and Submit to save and submit. Click Save All Answers to save all answers. QUESTION 33 Read the scenario below and answer the question that follows Magashule insures his Camps Bay home for R2 million with Sekunjalo Insurance Pty (Ltd) against fire damage. Howe the actual value of the house is R3 million. Three months later there is a mountain fire and it burns Magashule's hou down to the ground and he loses everything. He then puts in a claim in the amount of R3 million with Sekunjalo Insurance Pty (Ltd). Will Magashule be entitled to claim for R3 million? Motivate your answer by Identifying and explaining the Insurance concept that is applicable to the set of facts. Read the scenario below and answer the question that follows. Jacques applies for a loan at Direct Axis in the amount of R80 000 to buy a second-hand car. He has just completed his Diploma at CPUT and has no assets to his name. Direct Axis says they will grant him the loan on condition that he provides security for the loan. Jacques gets his two close friends Ryan and Jarrod to stand as security for the loan. Direct Axis contacts Ryan and Jarrod via their call centre and they telephonically agree to provide security for the loan granted to Jacques by Direct. Axis. The loan is granted. A year later Jacques is retrenched and cannot pay back the loan. Direct Axis then sues Jarrod for the outstanding loan amount. Jarrod denies liability for the loan, on the basis that the surety agreement is void as it was not reduced to writing and signed by the sureties. Do you agree or disagree with Jarrod? Give reasons for your answer. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Read the scenario below and answer the question that follows. Denise makes an online purchase from Shezen. She clicks to accept to all terms and conditions online. Explain the validity of this transaction with reference to the "reception theory"? Is Denise bound by this online transaction? Click Save and Submit to save and submit. Click Save All Answers to save all answers. Remaining Time: 2 hours, 07 minutes, 40 seconds. Question Completion Status: QUESTION 32 7 points Read the scenario below and answer the question that follows. Jaco advertises his Fiat car in the Argus newspaper for R50 000. John reads the advert and contacts Jaco to inspect the car. After inspecting the car, John calls Oliver and tells him that he has Fiat for sale for R60 000.00. Oliver tells John that he wants to buy the Fiat. John buys the Fiat from Jaco and then sells it to Oliver for R600000.00. In this scenario, did John act as Agent for either of the parties? Motivate your answer by referring to the requirements Click Save and Submit to save and submit. Click Save All Answers to save all answers. QUESTION 33 Read the scenario below and answer the question that follows Magashule insures his Camps Bay home for R2 million with Sekunjalo Insurance Pty (Ltd) against fire damage. Howe the actual value of the house is R3 million. Three months later there is a mountain fire and it burns Magashule's hou down to the ground and he loses everything. He then puts in a claim in the amount of R3 million with Sekunjalo Insurance Pty (Ltd). Will Magashule be entitled to claim for R3 million? Motivate your answer by Identifying and explaining the Insurance concept that is applicable to the set of facts. Read the scenario below and answer the question that follows. Jacques applies for a loan at Direct Axis in the amount of R80 000 to buy a second-hand car. He has just completed his Diploma at CPUT and has no assets to his name. Direct Axis says they will grant him the loan on condition that he provides security for the loan. Jacques gets his two close friends Ryan and Jarrod to stand as security for the loan. Direct Axis contacts Ryan and Jarrod via their call centre and they telephonically agree to provide security for the loan granted to Jacques by Direct. Axis. The loan is granted. A year later Jacques is retrenched and cannot pay back the loan. Direct Axis then sues Jarrod for the outstanding loan amount. Jarrod denies liability for the loan, on the basis that the surety agreement is void as it was not reduced to writing and signed by the sureties. Do you agree or disagree with Jarrod? Give reasons for your answer. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Read the scenario below and answer the question that follows. Denise makes an online purchase from Shezen. She clicks to accept to all terms and conditions online. Explain the validity of this transaction with reference to the "reception theory"? Is Denise bound by this online transaction? Click Save and Submit to save and submit. Click Save All Answers to save all answers