QUESTION 5 Morake owes Ismael an amount of R70 000. Morake and Ismael enter into an agreement in terms of which Ismael will cancel 30% of the debt if Morake agrees to sponsor Ismael’s visit to the “Blue House” brothel. Which ONE of the following statements is CORRECT ? 1 Morake and Ismael’s contract is lawful because they have reached consensus.2 Morake and Ismael’s contract is lawful because they both have capacity to enter into juristic acts. 3 Morake and Ismael’s contract is unlawful because their agreement is partially enforceable. 4 Morake and Ismael’s contract is unlawful because their agreement is contrary to good morals. (2) QUESTION 6 Chris and Paul enter into a contract in terms of which Paul has to deliver a dozen bottles of export wine to Chris. Chris has already paid the purchase price. Paul now indicates that he does not intend to perform in terms of the contract. Which ONEof the following types of breach of contract has Paul committed?
CLA1503/101 18 QUESTION 7 On 10 August 2011 Lina concludes an agreement with the AMG Insurance Company in terms of which the company undertakes to compensate Lina for any damage that she might suffer if the house that she inherited from her father, should be damaged by fire. She undertakes to pay a monthly premium of R300 and the first premium will be due on 31 August 2011. On 20 August 2011, the house is completely burnt down. Which ONEof the following statements is CORRECT ? QUESTION 8 Khomotso and Stanford, an estate agent, enter into a contract in terms of which Stanford undertakes to sell a poultry farm on behalf of Khomotso. They agree that if Stanford succeeds in selling the property, Khomotso will pay him seven per cent of the selling price as commission. Their contract also provides that Khomotso will not be liable for expenses incurred in the execution of the task. Because of financial problems, Stanford’s estate is sequestrated before the property is sold. WhichONEof the following statements is CORRECT ?
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