Question
X sold a painting to Y for R50 000. Assume that in terms of the Price Control Regulations Act of 2015, the maximum price that
X sold a painting to Y for R50 000. Assume that in terms of the "Price Control Regulations Act of 2015", the maximum price that this type of painting can be sold for is R30 000. In terms of this Act, a contract of sale at a price in excess of the maximum amount prescribed for this type of painting, is void. Y was aware of the maximum regulation price prescribed for this type of sale, but X was not, when they were negotiating the sale price. X delivered the painting to Y, but Y refuses to pay the purchase price of R50 000. Will X succeed with a claim for the purchase price of R50 000, or with a claim for Y to return the painting to X?Refer to case law in your answer. Do not apply the Consumer Protection Act 68 of 2008. [20]
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