Well-structured PVL3702 Assignment 1 (ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!)..... Jack is a property developer who is well known for building residential developments. He
recently built cluster homes in an upmarket suburb in Cape Town. All t...
PVL3702 ASSIGNMENT 1 MEMO - SEMESTER 2 - 2024 - UNISA - DUE : 19 AUGUST 2024 - UNIQUE NUMBER:- 718515 ( FULLY REFERENCED WITH FOOTNOTES- DISTINCTION GUARANTEED)
PVL3702 ASSIGNMENT 1 MEMO - SEMESTER 2 - 2024 - UNISA - DUE : 19 AUGUST 2024 - UNIQUE NUMBER:- 718515 ( FULLY REFERENCED WITH FOOTNOTES- DISTINCTION GUARANTEED)
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PVL3702
Assignment 1 Semester 2 2024
Unique Number: 718515
Due Date: 19 August 2024
QUESTION 1 (3 DIFFERENT ANSWERS PROVIDED)
The determination of whether a legally binding contract exists between Gloria and Jack hinges
on the analysis of the will theory and the direct reliance theory. These theories provide different
perspectives on contractual liability, focusing on the genuine intention of the parties and the
reasonable reliance created by their conduct.
The Will Theory
The will theory asserts that the basis of a contract lies in the actual consensus between the
parties. According to this theory, for a contract to be valid, there must be a true meeting of the
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