subject : principle of law

Question 1 (a) (b (c) What are the essentials of a valid lease? Discuss the essential elements of a valid partnership 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 (15) Question 2 (10) On 5 June 2000 Jon sells his car to Marco for R50 000. They agree that Jon will deliver the car to Marco on 20 June 2000. While he is delivering the car to Marco, another car drives through a red robot and collides with the car totally destroying it. The car has already been paid for by Marco. Discuss the legal position of the parties. Would the situation have been different if the car had not been delivered on 20 June and on the 25th of June it was destroyed by lightning while parked outside Jon's house? Explain the difference between a suspensive and a resolutive condition Name three sources of authority in the law of agency. Name three ways in which the Credit Agreements Act provides protection to a credit receiver Briefly discuss a partner's authority to represent the partnership Briefly discuss the term huur gaat voor koop. (b) (c) (d) (a) Question 3 (a) Name five ways in which a partnership may terminate (b) Jenny owns a clothing shop. Jenny buys all the clothing for her shop and although her manager, Shirley, runs the shop in Jenny's absence, she has no authority to buy for the shop. On one occasion Shirley, without Jenny's authority buys a batch of shirts from a wholesaler, which she thinks Jenny will like. When Jenny hears of Shirley's transaction she agrees to keep the shirts. However, when the wholesaler claims payment from Jenny she refuses to pay, arguing that Shirley lacked authority to perform the transaction Advise the wholesaler (5) (d) (e) Briefly discuss the implied warranty against eviction under a contract of sale Name three duties of a principal to his agent. Name two duties of an agent to his principal