100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
PVL3702 Assignment 1 Semester 2 - Due 21 August 2023 R75,00   Add to cart

Exam (elaborations)

PVL3702 Assignment 1 Semester 2 - Due 21 August 2023

 20 views  1 purchase

PVL3702 Assignment 1 Semester 2 - Due 21 August 2023

Preview 1 out of 5  pages

  • August 18, 2023
  • 5
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:
All documents for this subject (2)
avatar-seller
StudentGyde
PVL3702
ASSIGNMENT 1
SEMESTER 2
UNIQUE NUMBER: 698664
DUE DATE: 21 August 2023


Written Assignment Submission Guidelines:
The due date for the submission of Assignment 01 is NOT LATER THAN 18H00 on 21 August
2023.
.
NB: This assignment must be submitted by all students who are registered for the PVL3702
module in the second semester of 2023



QUESTION:

Carol, an owner of an exclusive bicycle shop advertised a special limited-edition bicycle for
sale, and invited the public to make offers for the bicycle. Jane and Portia were among many
people who submitted written offers for the bicycle. Jane’s offer was for R150 000, and
Portia’s offer was for R190 000. Although Carol intended to accept Portia’s offer, she
erroneously wrote a letter to Jane, wherein she accepted Jane’s offer. Jane believes that an
enforceable contract was concluded but Carol denies this.
Apply the iustus error doctrine and advise if a legally binding contract was concluded
between Carol and Jane. Discuss fully and refer to case law in your answer. Do not
apply the Consumer Protection Act 68 of 2008. [20]



ANSWER:

The iustus error doctrine, also recognized as the principle of justifiable error, is a legal
concept designed to address scenarios where a party commits an error during the creation
of a contract, but this mistake is deemed reasonable or justified given the circumstances.
The central issue in this scenario revolves around determining whether a legally binding
contract was established between Carol and Jane, even in light of Carol's error in mistakenly
accepting Jane's offer. To assess the applicability of the iustus error doctrine and the
existence of a legally enforceable contract, certain factors must be taken into account:
1. Offer and Acceptance: A pivotal component of forming a contract entails having
a valid offer and its corresponding acceptance. In this specific case, Carol
publicized a limited-edition bicycle for sale, inviting offers from the general public.
Both Jane and Portia submitted their respective written offers – Jane proposed
R150,000, while Portia's offer amounted to R190,000.

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 StudentGyde. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for R75,00. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77764 documents were sold in the last 30 days

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

Start selling
R75,00  1x  sold
  • (0)
  Buy now