LML4804 Assignment 1 (COMPLETE ANSWERS) Semester 2 2024 - DUE 26 August 2024 ; 100% TRUSTED Complete, trusted solutions and explanations.
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LML4804 Assignment
1 (COMPLETE
ANSWERS) Semester 2
2024 - DUE 26 August
2024 ; 100% TRUSTED
Complete, trusted
solutions and
explanations
ADMIN
[COMPANY NAME]
, 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 according to the agreed dates. It transpired
that FMP political advert was only aired on radio station and
television a day prior the date of the national elections. GP
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