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LML4804 Assignment 1 (COMPLETE ANSWERS) Semester 2 2024 - DUE 26 August 2024
LML4804 Assignment 1 (COMPLETE ANSWERS) Semester 2 2024 - DUE 26 August 2024
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, LML4804 Assignment 1 (COMPLETE ANSWERS)Semester 2 2024 - DUE 26 August 2024 ; 100%
TRUSTED Complete, trusted solutions and
explanations.
QUESTION 01 (Gross-income) 1.1 Freedom Movement Party
(FMP) is a newly established political party which was
registered to contest 2024 National and Provisional elections. It
concluded a contract with Green Print Media House (Pty) Ltd
(GP Media House). In terms of the contract, GP Media House
had to print 3000 3D posters on behalf of FMP depicting the
image of its leader for its campaign. GP Media House was also
expected to air FMP political advertisements through its media
partners on radio stations and television. On April 2024, FMP
paid a deposit of R150 000 and undertook to pay the remainder
amount on 30 June 2024. After the conclusion of national
elections, FMP reviewed its performance on the national
elections and noted that it did not accumulate enough votes it
hoped for. A report from the external service provider
appointed by FMP to investigate its poor performance,
concluded that FMP did not reach large audience. On August
2024, FMP wrote a letter to GP Media House notifying the
company that it will no longer pay the outstanding amount to
GP Media House and it also considered its options to sue the
company for its failure to honour the contractual obligations
between the parties. As part of the contractual obligation
between the parties, FMP learned that GP Media house failed
to air its political adverts on radio station and television
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