PVL3702 Assignment 1 (PVL3702)

University of South Africa

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PVL3702 Assignment 1 (QUALITY ANSWERS) Semester 1 2024 (157217)
Exam (elaborations) • 9 pages • 2024

PVL3702 Assignment 1 (QUALITY ANSWERS) Semester 1 2024 (157217) QUESTION 1 (3 ANSWERS INCLUDED) According to the will theory of contract law, a legally binding contract is formed when both parties, with the capacity to contract, have a meeting of the minds and intend to create legal relations. This means that both parties must have a common understanding of the essential terms of the contract. Furthermore, if there is a mistake as to the identity of the subject matter of the contract, the i...