LPL4801 Law of Sale and Lease (LPL4801)

lpl4801 exam prep CONTRACT OF LEASE Roman law recognised three types of letting and hiring, namely the hiring of services which are conducted under supervision, the hiring of a person's services in order to obtain the results of the labour such as the building of a house and lastly, the letting and hiring of a thing which can be either movable or immovable. It is the letting and hiring of a thing which forms the subject of this study guide. DEFINITION OF A CONTRACT OF LEASE A contract o...

LPL4801 SALE AND LEASE NOTES. Djube 1 THE LAW OF SALE AND LEASE 3541 1. LAW OF SALE A sale is a reciprocal agreement between the seller and the buyer in terms of which the seller, with the true intention, undertakes to deliver a determinable thing together with all his rights in the thing undisturbed to the buyer who has the true intention to pay a determinable price for the thing. *it is clear that there is no requirement for the transfer of ownership in a sale. The seller’s obliga...