100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
LML4806 Assignment 1 (COMPLETE ANSWERS) Semester 2 2024 (818236) - DUE 25 August 2024 1 review Course Company Law (LML4806) Institution University Of South Africa (Unisa) Book The Law of Business Structures CA$3.64   Add to cart
Quickly navigate to
Preview
  2.  
  3. University Of South Africa
  4.  
  5. Company Law

Exam (elaborations)

LML4806 Assignment 1 (COMPLETE ANSWERS) Semester 2 2024 (818236) - DUE 25 August 2024 1 review Course Company Law (LML4806) Institution University Of South Africa (Unisa) Book The Law of Business Structures

1 review
 54 views  3 purchases
  • Course
  • Company Law
  • Institution
  • University Of South Africa
  • Book
  • The Law of Business Structures

LML4806 Assignment 1 (COMPLETE ANSWERS) Semester 2 2024 (818236) - DUE 25 August 2024 1 review Course Company Law (LML4806) Institution University Of South Africa (Unisa) Book The Law of Business Structures

Preview 2 out of 9  pages

Document information

  • July 11, 2024
  • 9
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • lml4806 assignment 1 complete answers semester 2

Connected book

book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:

More summaries for

  • 100% TRUSTED workings LML4806 Assignment 2 Semester 2 2024
  • LML4806 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 - DUE August 2024 ; 100% TRUSTED Complete, trusted solutions and explanations.
  • LML4806 Assignment 1 (COMPLETE ANSWERS) Semester 2 2024 (818236) - DUE 25 August 2024 ; 100% TRUSTED Complete, trusted solutions and explanations.
All for this textbook (29)

Written for

  • University of South Africa
  • Company Law
All documents for this subject (24)

1  review

review-writer-avatar

By: wwwnndalodube • 1 month ago

Seller

avatar-seller
Jennifer2024

Reviews received

Content preview

LML4806
Assignment 1
(COMPLETE
ANSWERS)
Semester 2 2024
(818236) - DUE 25
August 2024




ADMIN
[COMPANY NAME]

, 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 Durban office. When Cycle for Life
(Pty) Ltd sends an invoice for payment of the total amount of R720
000.00 for the six electric bicycles, Touring Africa by Bicycle (Pty)
Ltd refuses to pay, arguing that it is not bound by the contract as
James did not have the authority to act on its behalf. Nancy
approaches you for legal advice. With reference to the relevant
authority/principle and the facts, advise Nancy on what Cycle for
Life (Pty) Ltd must allege and prove in order to prevent Touring
Africa by Bicycle (Pty) Ltd from arguing that it is not bound by the
contract concluded by Nancy and James. (5)

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Jennifer2024. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$3.64. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79978 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$3.64  3x  sold
  • (1)
  Add to cart