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LML4806 Assignment 1 (COMPLETE QUESTIONS AND ANSWERS) Semester 2 2024 (818236) - DUE 25 August 2024 R49,97
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LML4806 Assignment 1 (COMPLETE QUESTIONS AND ANSWERS) Semester 2 2024 (818236) - DUE 25 August 2024

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  • July 11, 2024
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LML4806 Assignment 1

(COMPLETE QUESTIONS AND

ANSWERS) Semester 2 2024

(818236) - DUE 25 August

2024

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, LML4806 Assignment 1 (COMPLETE QUESTIONS AND

ANSWERS) Semester 2 2024 (818236) - DUE 25 August

2024

Question: 1 Jane, John and Jabulani are the directors of

Touring Africa by Bicycle (Pty) Ltd (“the company”), a

company that is based in Johannesburg. The

memorandum of incorporation of the company provides

that only the board of directors have the authority to

enter into contracts on behalf of the company. James, the

branch manager of the company in Durban, attends an

outdoor show in Durban to scout for useful new products

for the company’s cycling excursions. At the outdoor

show one of the exhibitors, Cycle for Life (Pty) Ltd, has a


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, limited special offer on electric bicycles for the amount of

R120 000.00 per bicycle. James contacts the directors of

the company by way of a Zoom call, and while speaking

to the directors of the company on the Zoom call, James

keeps his mobile phone on speakerphone. The directors

instruct James to purchase six of the electric bicycles on

behalf of the company. Nancy, the representative of Cycle

for Life (Pty) Ltd, hears the instruction, and because

James has previously entered into agreements with Cycle

for Life (Pty) Ltd without any problems, she enters into an

agreement with James for the sale of six electric 4

bicycles to Touring Africa by Bicycle (Pty) Ltd. The electric

bicycles are delivered to the company’s Durban office.


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