Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Susan Pienaar is looking to sell her house in Constantia Kloof for R 1 . 4 ?million. She appoints an estate agent, Abraham Isaacs of

Susan Pienaar is looking to sell her house in Constantia Kloof for R 1 . 4 ?million. She appoints an estate agent, Abraham
Isaacs of Isaacs Real Estate to sell the house on her behalf. Susan gives Abraham 6 ( six ) ?months to find a buyer as she will
soon be emigrating to Australia to live with her three children.
Abraham Isaacs agrees and enters into a contract with Susan to sell her house on her behalf. Abraham soon finds who he
believes to be the perfect buyer for the house, Colin Xhosa.
Abraham accepts an offer from Colin for R 1 . 2 ?million without consulting Susan beforehand as he believes she will accept the
offer in any event. Colin does not know that Susan, the seller, is unaware of Abraham s acceptance of Colin s offer.
Colin is very happy, as he believes he has scored a deal and just bought his dream home. Susan is not happy with
Abraham s actions, but she is also very aIdentify the legal relationship and type of agreement between Abraham Isaacs and Susan Pienaar.nxious to sell her home quickly and emigrate as soon as possible.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

Students also viewed these General Management questions