100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Law of Contract R249,00
Add to cart

Class notes

Law of Contract

 4 views  0 purchase

A summary behind the Law of Contract

Preview 1 out of 2  pages

  • August 6, 2021
  • 2
  • 2018/2019
  • Class notes
  • Angela wanless
  • All classes
All documents for this subject (11)
avatar-seller
luthandozulu
Luthando Zulu -17599770

BUSL6212

LU3: Law of contract

Contract: Special agreement between 2 or more people. Intention = to create enforceable obligations (relationship), and you can sue if one party
breaches the contract. You cannot contract with yourself.

One is generally free to choose with whom and on what grounds to contract with. However, this freedom is limited in that you cannot conclude
(enter) contracts which are unlawful and illegal. Social gatherings/agreements are not contracts e.g. parties, movies, weddings, dinners etc.

Requirements for formation of valid contract:

1. Consensus
2. Capacity to act
3. Legally possible
4. Physically possible
5. Formalities – If the law has specific processes for this type of contract, it must be adhered to for a valid contract

ELECTRONIC COMMUNICATIONS AND TRANSACTIONS ACT 25 OF 2002 – Regulates electronic transactions

The following contracts can NEVER be concluded electronically:

 An agreement for alienation (sale, exchange, donation) of immovable property
 A long-term lease of immovable property longer than 15 years
 The execution (creation) of a will
 The execution of a bill of exchange (cheque)

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 EFT, 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 this summary from?

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

Will I be stuck with a subscription?

No, you only buy this summary for R249,00. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

53022 documents were sold in the last 30 days

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

Start selling
R249,00
  • (0)
Add to cart
Added