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LML4806 Assignment 1 (COMPLETE QUESTIONS AND ANSWERS) Semester 2 2024 (818236) - DUE 25 August 2024
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LML4806 Assignment 1(COMPLETE QUESTIONS AND
ANSWERS) Semester 2 2024
(818236) - DUE 25 August
2024
100% Success rate
Guaranteed A+
For assistance whatsapp
+254702715801
, LML4806 Assignment 1 (COMPLETE QUESTIONS AND
ANSWERS) Semester 2 2024 (818236) - DUE 25 August
2024
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
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, 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.
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