Lpl4801 notes - Study guides, Study notes & Summaries

Essential notes for LPL4801. Crucial to any exam you might have coming up.

LPL4805 Great Notes on the module, Q&A and practice Questions

LPL4801 LAW OF SALE AND LEASE STUDY NOTES. Essentialia of a contract: these classify a contract as one of a specific type – e.g. contract of sale For a contract of sale you look at: a) An undertaking by the seller to deliver the thing to the buyer b) An undertaking by the buyer to pay a sum of money in exchange for the thing If the contract doesn’t have these terms it isn’t a contract of sale. If it doesn’t have the essentialia of any type of contract but is a valid contract it w...

LPL4801-notes - summary notes 2022 LPL401 8 ! " #$ % Introduction to the contract of lease 1. Explain the relationship between the general principles of contract and specific contracts 2. Explain how and why contracts are assigned to different classes (types) 3. Set out the essentialia of a contract 4. Set out the naturalia of a contract #$ % Definition and essential elements 5. Define a contract of lease 6. Set out the requirements for a valid contract 7. Set out the essential elem...

Characteristics of a contract of sale Definition: contract of sale is a reciprocal contract in terms of which the seller undertakes to deliver the thing to the buyer and the buyer undertakes to pay a sum of money in exchange for the thing. 2 essentialia: 1. The parties must agree that one of them will deliver the thing 2. The other party will pay a price Difference between sale and lease: in lease: one party undertakes to deliver the thing and the other undertakes to pay a sum of money...