100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
MRL3702 ASSIGNMENT 1[COMPLETE ANSWERS] 2024 SEMESTER 1 R94,50
Add to cart
Quickly navigate to
Preview
  2.  
  3. LABOUR LAW[MRL3702]
  4.  
  5. LABOUR LAW[MRL3702]

Exam (elaborations)

MRL3702 ASSIGNMENT 1[COMPLETE ANSWERS] 2024 SEMESTER 1
 0 purchase
  • Course
  • LABOUR LAW[MRL3702]
  • Institution
  • LABOUR LAW[MRL3702]
  • Book
  • Essential Labour Law

The document provides detailed explanations of key contract law principles, rules, and doctrines, essential for understanding and resolving legal disputes.100% TRUSTED WORKINGS TRY IT.

Preview 1 out of 15  pages

Document information

  • August 15, 2024
  • 15
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • mrl3702 assignment 1complete answers 2024

Connected book

book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:

More summaries for

  • MRL3702 EXAM PACK 2024 - DISTINCTION GUARANTEED
  • MRL3702 EXAM PACK 2024
  • MRL3702 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 (184462) - DUE 13 September 2024
All for this textbook (33)

Written for

  • LABOUR LAW[MRL3702]
  • LABOUR LAW[MRL3702]

Seller

avatar-seller
smartguide

Reviews received

Content preview

MRL3702 ASSIGNMENT 1[COMPLETE
ANSWERS] 2024 SEMESTER 2


Question 1: Explain the essential elements of a contract of sale.
Answer: A contract of sale is an agreement between a seller and a buyer in which the seller
agrees to transfer ownership of a property or goods to the buyer in exchange for a price. The
essential elements include:

1. Agreement (Consensus): Both parties must agree on the subject matter and the price.
2. Merx (Subject Matter): The goods or property being sold must be determined or
determinable.
3. Pretium (Price): The price must be definite or ascertainable.
4. Intention to Transfer Ownership: The seller must intend to transfer ownership, and the
buyer must intend to receive it.
5. Lawfulness: The contract and its terms must be lawful and not contrary to public policy.

Question 2: Discuss the implied warranty against eviction in a sale
contract.
Answer: The implied warranty against eviction is a legal guarantee that the buyer will have
undisturbed possession of the property or goods purchased. If the buyer is evicted by a third
party with a superior title, the seller must compensate the buyer. This warranty arises
automatically unless explicitly excluded by the contract. It protects the buyer against defects in
the seller's title to the property or goods.

Question 3: Differentiate between a lease and a contract of sale.
Answer:

● Contract of Sale:
○ The ownership of the property or goods is transferred from the seller to the
buyer.
○ The buyer pays the price in exchange for ownership.
○ It is a once-off transaction.
● Lease:
○ The ownership of the property or goods remains with the lessor (landlord).
○ The lessee (tenant) pays rent for the use or enjoyment of the property or goods.
○ It is a continuing relationship over time, typically for a fixed period.

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 smartguide. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for R94,50. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67479 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 15 years now

Start selling
R94,50
  • (0)
Add to cart
Added