LML4806 Assignment 1 (COMPLETE ANSWERS) Semester 2 2024 (818236) - DUE 25 August 2024
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Course
LML4806 Assignment 1 Semester 2
Institution
University Of South Africa
LML4806 Assignment 1 (COMPLETE ANSWERS) Semester 2 2024 (818236) - DUE 25 August 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. For assistance, Whats-App
. Question: 1 Jane, John and Jabulani are the directors of Touring Africa by Bicycle (Pty) Ltd (“the company”), a compan...
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, LML4806 Assignment 1 (COMPLETE ANSWERS)
Semester 2 2024 (818236) - DUE 25 August 2024 ;
100% TRUSTED Complete, trusted solutions and
explanations. For assistance, Whats-App
Question: 1
Jane, John and Jabulani are the directors of Touring Africa by
Bicycle (Pty) Ltd (“the company”), a company that is based in
Johannesburg. The memorandum of incorporation of the
company provides that only the board of directors have the
authority to enter into contracts on behalf of the company. James,
the branch manager of the company in Durban, attends an
outdoor show in Durban to scout for useful new products for the
company’s cycling excursions. At the outdoor show one of the
exhibitors, Cycle for Life (Pty) Ltd, has a limited special offer on
electric bicycles for the amount of R120 000.00 per bicycle.
James contacts the directors of the company by way of a Zoom
call, and while speaking to the directors of the company on the
Zoom call, James keeps his mobile phone on speakerphone. The
directors instruct James to purchase six of the electric bicycles on
behalf of the company. Nancy, the representative of Cycle for Life
(Pty) Ltd, hears the instruction, and because James has
previously entered into agreements with Cycle for Life (Pty) Ltd
without any problems, she enters into an agreement with James
for the sale of six electric 4 bicycles to Touring Africa by Bicycle
(Pty) Ltd. The electric bicycles are delivered to the company’s
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