Started on Sunday, 17 September 2023, 11:40 AM
State Finished
Completed on Sunday, 17 September 2023, 11:54 AM
Time taken 14 mins 1 sec
Marks 10.00/10.00
Grade 100.00 out of 100.00
Mpho wants to enter into a contract of sale with Moremi for the sale of his
motorbike for R44 000.
On which of the following essential characteristics or essentialia must Mpho
and Moremi agree before the contract can be described and treated as a
contract of sale?
1. the purchase price and the merx
2. the rights and duties of the purchaser and seller are agreed upon.
3.
the transfer of ownership and the passing of the risk
4. the delivery of the merx
Your answer is correct.
FEEDBACK ON QUESTION 1
(Chapter 13: Contract of Sale)
1 is CORRECT. Parties have to agree on the purchase price and merx before the
contract can be described and treated as a contract of sale. These two
characteristics are, therefore, the essentialia of a contract of sale. For a contract
to qualify as a specific type of contract certain essentialia or characteristics
must be present.
2 is INCORRECT. Although the purchaser is entitled to delivery of the merx,
delivery is a common law right to which the purchaser is entitled. Delivery of the
merx is not an essentiale of the contract of sale.
3 is INCORRECT. A contract is classified as a specific contract if certain
essentialia are present. The rights and duties flowing from a contract of sale,
flow automatically from the fact that the contract can be classified as such. The
rights and duties are consequences of the contract having been so classified,
and not the reason why a contract can be classified as such.
4 is INCORRECT. The transfer of ownership is usually the primary purpose of the
parties to a contract of sale. It’s not one of the essentialia of a contract of sale,
nor is it an automatic consequence of the execution of a contract of sale.
The correct answer is:
the purchase price and the merx
Los beneficios de comprar resúmenes en Stuvia estan en línea:
Garantiza la calidad de los comentarios
Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!
Compra fácil y rápido
Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.
Enfócate en lo más importante
Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable.
Así llegas a la conclusión rapidamente!
Preguntas frecuentes
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
100% de satisfacción garantizada: ¿Cómo funciona?
Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller primenovice. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for $2.85. You're not tied to anything after your purchase.