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  3. University Of Cape Town (UCT)
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  5. CML1001F Business Law I (CML1001F)

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Summary Business Law 1 - Law of Purchase and Sale
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PowerPoint summary of the final section of UCT's Business Law 1 (CML1001F) module based on the 2024 year of teaching. This section covers the topics of contracts of sale under Roman-Dutch law and the Consumer Protections Act - including the transferring of ownership and risk, seller's duties, and i...

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  • July 4, 2024
  • 9
  • 2023/2024
  • Summary

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LAW OF
PURCHASE AND
SALE
Topic 3

, INTRODUCTION
Specific contracts:
Requirements for valid sale
Some contracts are different from general
principles (e.g. sale, lease, and agency 1. Parties intend to enter into
contracts) contract and transfer
 If an issue arises under a specific contract, and possessions
the contract does not have a special rule for
that issue – general principles still apply 2. Must agree on the subject
matter
Contracts of Sale:
One party undertakes to deliver a thing to 3. Must agree on the price (fix
another, in return for payment or referenced)
 The main source of law is Roman-Dutch Law Contracts can be verbal/writte
and judicial precedent (common law)
 Contracts for immovable prop
 CPA – a contract between a supplier and
consumer in the ordinary course of business must be in writing to be valid
 Does not apply if the consumer is a juristic
person with annual turnover >R2m

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