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LCP4805 Assignment 1 Semester 2 2024 - DUE 10 September 2024
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QUESTIONS AND ANSWERS LCP4805 Assignment 1 Semester 2 2024 - DUE 10 September 2024
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[Company name]PVL3704
Assignment 1
Semester 2 2024 -
DUE 15 August
2024
QUESTIONS AND ANSWERS
, PVL3704 Assignment 1 Semester 2 2024 - DUE 15
August 2024
Question 1
Discuss in general (without reference to a specific enrichment action) how the
extent of enrichment liability (or the quantum of the enrichment claim) will be
calculated. (10)
Question 2
A has demanded payment from B of an amount of R50,000 which he believes
B is owing. B has checked his records and has paid the amount in the bona
fide belief that the amount is owed in terms of their contract. Unbeknown to B,
his bookkeeper, C had already paid the amount a week earlier by way of an
electronic funds transfer into the account of A. At the time of the second
payment A's account was overdrawn in the amount of R30,000 and was
therefore in credit of R20,000 after the payment. A has taken R15,000 out of
his account to pay his employees their monthly wages. He has also paid
R10,000 for a luxury weekend after realising that his account was in credit.
Discuss whether B has a claim against A and, if so, how much he may claim.
(10)
Question 1: Calculation of Enrichment Liability
The extent of enrichment liability, or the quantum of the enrichment claim, is calculated based
on the unjustified benefit that the enriched party has received. Several key principles guide this
calculation:
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