CLA 1503 Assignment 1.doc - CLA 1503 ASSIGNMENT 01-FIRST SEMESTER UNIQUE NUMBER 863139 STUDENT NUMBER 62476998 Question 1 i A time clause is brought

CLA 1503: ASSIGNMENT 01 -FIRST SEMESTER UNIQUE NUMBER: 863139 STUDENT NUMBER: 62476998 Question 1 i. A time clause is brought into operation by the reaching of certain and determined or ascertainable time which has been agreed upon and a condition it’s where the contract comes into operation or is dissolved upon the occurrence or non-occurrence or a specified future event. ii. Contractual relationship between Moses and Xolile arises when the contract is concluded and both of them are bound by the contract iii. The suspense time clause - The contractual obligation come into operation and is enforceable only when the specified moment arises or when the specified period ends or lapse. Question 2 Duress is an unlawful threat of harm or injury made by a party to the contract or someone acting on his or her behalf, for example if a financial institution/ bank