Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

THE BUSINESSPERSON enters into an agreement with THE DISTRIBUTOR in terms of which THE BUSINESSPERSON pays thirteen (13) monthly instalments of [R500 000] to THE

THE BUSINESSPERSON enters into an agreement with THE DISTRIBUTOR in terms of which THE BUSINESSPERSON pays thirteen (13) monthly instalments of [R500 000] to THE DISTRIBUTOR for the import and export of products that The Company of the BUSINESSPERSON deals with and manufactures. Whilst preparing to pay the fourteenth monthly instalment, THE BUSINESSPERSON becomes aware of the fact that the agreement is [and has been] in contravention of The Customs and Excise Act 91 of 1964. Upon the discovery, THE BUSINESSPERSON seeks to claim back the money already paid in terms of the agreement. Fully advise THE BUSINESSPERSON on: i. The legal position regarding the agreement. [5] ii. Whether THE BUSINESSPERSON can claim back the amounts already paid to THE DISTRIBUTOR

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

International Business Law and Its Environment

Authors: Richard schaffer, Filiberto agusti, Beverley earle

7th Edition

78-0324649673, 324649673, 978-0324649659

More Books

Students also viewed these Law questions

Question

What are the best ways to prevent white collar crime?

Answered: 1 week ago

Question

14. Complete the reaction scheme

Answered: 1 week ago