Lpl4801 exam prep - Study guides, Study notes & Summaries

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

LPL4801 – Exam prep EXAMINATION LONGER QUESTIONS MAY/JUNE 2013 QUESTION 1 X IS THE OWNER OF A DAIRY FARM SITUATED ON THE BANKS OF A RIVER IN THE EASTERN CAPE. Y LEASES THE DAIRY FARM FROM X FOR 2 YEARS. THE RENT IS PAYABLE MONTHLY. DURING A FLOOD THE DAIRY IS DAMAGED TO SUCH AN EXTENT THAT Y CAN NO LONGER USE THE PREMISES AS A DAIRY. NEVERTHELESS, X STILL CLAIMS PAYMENT OF RENT. DISCUSS Y’S DEFENCE AND GIVE REASONS FOR YOUR ANSWER. [10] ANSWER: In this case we are dealing with the r...

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 - Law Of Sale And Lease Exam Prep Questions. DEFINITION OF A CONTRACT OF LEASE A contract of lease of a thing (a contract of letting and hiring) is a reciprocal agreement between one party, namely the lessor, and another party, namely the lessee, whereby the lessor binds himself or herself to give to the lessee the temporary use and enjoyment of the thing, in return for the payment of the rent. 3.1 Requirements for a valid contract There are a number of requirements which must be c...