Class notes
Learning Outcomes for Test 3.docx (BSL11A1)
- Course
- Accounting 200 (BSL11A1)
- Institution
- University Of Johannesburg (UJ)
Learning Outcomes for Test 3 2016
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Learning Outcomes for Test 3Chapter 4
1. Offer and Acceptance
a. Be able to define and distinguish between the concepts of offer and acceptance
b. Be able to list the requirements for both the offer and acceptance
c. Explain what an “option” contract is.
2. Time and Place of the Conclusion of the Contract
a. Be able to list and explain the various theories to determine the time and place
of the conclusion of the contract.
b. Study and be able to apply each theory to a practical situation.
3. Defects in Consensus
a. List and explain the various defects affecting consensus.
b. Identify the various types of mistake and misrepresentation.
c. Be able to identify the defect in a given set of facts.
Chapter 5
1. Introduction
a. Distinguish between the capacity to act and legal capacity.
2. Age
a. Be able to distinguish between the legal capacity of persons falling in various
age groups.
b. Majority – Discuss when a natural person reaches the age of majority.
c. Discuss the effect of marriage / divorce and emancipation on a minors legal
capacity.
d. List various circumstances where the assistance of a parent / guardian will be
insufficient.
e. Discuss the effect of contracts concluded by an unassisted minor.
f. Discuss the remedy of the assisted minor who concluded a prejudicial
contract.
g. Discuss the effect of a contract concluded by a fraudulent minor.
3. Marriage
a. Distinguish between marriages concluded before and after 1 December 1993.
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