Exam (elaborations)
CLA1501 EXAM 24 JUNE 2024
- Course
- Commercial Law IA (CLA1501)
- Institution
- University Of South Africa (Unisa)
CLA1501 EXAM 24 JUNE 2024 question and solutions
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Dashboard/ My courses / CLA1501-24-EX06B / Welcome Message / CLA1501-ExamMay/June 2024
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1.How would you describe a shareholder's relationship to the company's property?
a. Joint ownership.
b. No ownership.
c Limited ownership.
d. Conditional ownership.
2.Identify the INCORRECT answer:
The transfer of the right from the cedent to the cessionary has several consequences
inclucing
A.The cim
b.The cae arsmitted to the cessionary in its entirety liseitted to the cessionary in its entirety.
c.The right now fopat of the patrimony of the cessionary and not that of the eden
d.Once the c to another S claim to oie person, it can now cede it
3.A person who has the right of ownership over property is not necessarily the possessor of
the property
According to the statement above, what is the relationship between ownership and
possession?
a.Independent.
b.nseparable.
c.Exclusive.
d.Dependent.
, 4.The common-law requirements for the formation of a valid contract must be read in line
with the valkues unde
Republic of South Africa, 1996.
Choose the INCORRECT statement:
a. Chapter 2 of the Constitution contains the Bill of Rights, defining constitutional rights.
b. Constitutional values are infused into common-law principles that will result in the strict
application
c. The Constitutional Court has also generally used the notion of ubuntu to, e.g, require the
protectio society to develop the common law of contract in line with the values in the Bill of
Rights
d. The Constitution is the supreme law of the Republic.
5.Identify the CORRECT answer:
The debtor commits breach of contract in the fom of prevention of performance:
a. When the contract is successfully repudiated by one of the parties.
b. When he acts in mora creditori Partly sunny
c.When he sends an electronic acceptance of an offer in terms of the Electronic
Communications and Transact
d. When he culpably renders his own performance impossible.
6.Following extensive inspections of his hillside mansion by inspectors from various
bidding companies, Jayson concdudes an agreement with
Paintworks to effect repairs on his mansion for R500 000. He deposits the money
immediately. Every one of the inspectors from the bidding
Companies, incuding Paintworks, Concludes that the cost of the repairs will be R400 000. A
week later, Paintworks informs Jayson that his
mansion is too big and has toO many windows that need to be taken into account. All these
would make the repairs inconvenient for Paintworks. Paintworks accordingly demands that
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