CLA1501
EXAM PACK
, lOMoARcPSD|21997160
COMMERCIAL LAW ASSESSMENT 2 ATTEMPT 1
Assessment 2
Open course index
Open block drawer
Started on Thursday, 29 August 2024, 11:01 AM
State Finished
Completed on Thursday, 29 August 2024, 12:55 PM
Time taken 1 hour 54 mins
Marks 13.00/20.00
Grade 65.00 out of 100.00
Question 1
Incorrect
Mark 0.00 out of 1.00
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Question text
Maggie can sue Kwena for specific performance if Kwena agreed to sell a part of the
Atlantic Ocean near Kleinsee to her.
a.
TRUE
b.
FALSE
Feedback
The correct answer is: FALSE
Question 2
Correct
Mark 1.00 out of 1.00
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Question text
James agrees to buy a car from Damien provided that James is able to acquire a loan
from Unity Bank. The term requiring James to acquire a loan is an example of a
suspensive time clause.
a.
TRUE
b.
FALSE
, lOMoARcPSD|21997160
Feedback
The correct answer is: FALSE
Question 3
Incorrect
Mark 0.00 out of 1.00
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Question text
Company A is an event management company. Company B contracts Company A to
organize a corporate gala. The event is poorly executed due to Company A’s negligence.
The poor execution of the event causes a popular speaker to decide against attending
future events hosted by Company B. The popular speaker’s attendance of Company B’s
events has consistently attracted a large paying audience and his absence will likely lead
to a reduction in future revenue. Company A can be held liable for future losses suffered
by Company B.
a.
TRUE
b.
FALSE
Feedback
The correct answer is: FALSE
Question 4
Incorrect
Mark 0.00 out of 1.00
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Question text
Jayson concludes a contract of work with Paintworks to re-paint his house in Durban.
Jayson later informs Paintworks that he is not bound by the contract of work since his
lawyer advised him it was invalid. He does not provide reasons for his conclusion.
Jayson’s conduct is an example of a contractual breach known as repudiation.
a.
TRUE
b.
FALSE
Feedback
The correct answer is: TRUE
Question 5
Correct
Mark 1.00 out of 1.00
, lOMoARcPSD|21997160
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Question text
Saul is a student who also works as a waiter. He wants to obtain a student loan from
Usurer Bank to pay for his tuition fees. His brother verbally agrees to act as a surety for
the student loan in the event that Saul defaults on his loan obligations. The agreement
concluded is valid.
a.
TRUE
b.
FALSE
Feedback
The correct answer is: FALSE
Question 6
Correct
Mark 1.00 out of 1.00
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Question text
Nkomi and Thabang are married in a civil union concluded in accordance with the Civil
Unions Act. Before their marriage, Nkomi and Thabang agreed that none of their assets
will form part of their joint marital estate. However, they decided not to register the
contract as required by statute. Several years into their marriage, Thabang defaulted on
a loan he took from Unity Bank to purchase a car for his business. Unity Bank then
obtained a writ of execution against Nkomi and Thabang’s joint estate. Indicate whether
Nkomi’s claim that Unity Bank can only execute against Thabang’s estate as they are
married out of community of property is true or false.
a.
TRUE
b.
FALSE
Feedback
The correct answer is: FALSE
Question 7
Incorrect
Mark 0.00 out of 1.00
Flag question
Question text
Which of the following statements ACCURATELY REFLECTS the legal status of an
agreement to provide military supplies to a foreign state adversary (enemy state)?
EXAM PACK
, lOMoARcPSD|21997160
COMMERCIAL LAW ASSESSMENT 2 ATTEMPT 1
Assessment 2
Open course index
Open block drawer
Started on Thursday, 29 August 2024, 11:01 AM
State Finished
Completed on Thursday, 29 August 2024, 12:55 PM
Time taken 1 hour 54 mins
Marks 13.00/20.00
Grade 65.00 out of 100.00
Question 1
Incorrect
Mark 0.00 out of 1.00
Flag question
Question text
Maggie can sue Kwena for specific performance if Kwena agreed to sell a part of the
Atlantic Ocean near Kleinsee to her.
a.
TRUE
b.
FALSE
Feedback
The correct answer is: FALSE
Question 2
Correct
Mark 1.00 out of 1.00
Flag question
Question text
James agrees to buy a car from Damien provided that James is able to acquire a loan
from Unity Bank. The term requiring James to acquire a loan is an example of a
suspensive time clause.
a.
TRUE
b.
FALSE
, lOMoARcPSD|21997160
Feedback
The correct answer is: FALSE
Question 3
Incorrect
Mark 0.00 out of 1.00
Flag question
Question text
Company A is an event management company. Company B contracts Company A to
organize a corporate gala. The event is poorly executed due to Company A’s negligence.
The poor execution of the event causes a popular speaker to decide against attending
future events hosted by Company B. The popular speaker’s attendance of Company B’s
events has consistently attracted a large paying audience and his absence will likely lead
to a reduction in future revenue. Company A can be held liable for future losses suffered
by Company B.
a.
TRUE
b.
FALSE
Feedback
The correct answer is: FALSE
Question 4
Incorrect
Mark 0.00 out of 1.00
Flag question
Question text
Jayson concludes a contract of work with Paintworks to re-paint his house in Durban.
Jayson later informs Paintworks that he is not bound by the contract of work since his
lawyer advised him it was invalid. He does not provide reasons for his conclusion.
Jayson’s conduct is an example of a contractual breach known as repudiation.
a.
TRUE
b.
FALSE
Feedback
The correct answer is: TRUE
Question 5
Correct
Mark 1.00 out of 1.00
, lOMoARcPSD|21997160
Flag question
Question text
Saul is a student who also works as a waiter. He wants to obtain a student loan from
Usurer Bank to pay for his tuition fees. His brother verbally agrees to act as a surety for
the student loan in the event that Saul defaults on his loan obligations. The agreement
concluded is valid.
a.
TRUE
b.
FALSE
Feedback
The correct answer is: FALSE
Question 6
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Nkomi and Thabang are married in a civil union concluded in accordance with the Civil
Unions Act. Before their marriage, Nkomi and Thabang agreed that none of their assets
will form part of their joint marital estate. However, they decided not to register the
contract as required by statute. Several years into their marriage, Thabang defaulted on
a loan he took from Unity Bank to purchase a car for his business. Unity Bank then
obtained a writ of execution against Nkomi and Thabang’s joint estate. Indicate whether
Nkomi’s claim that Unity Bank can only execute against Thabang’s estate as they are
married out of community of property is true or false.
a.
TRUE
b.
FALSE
Feedback
The correct answer is: FALSE
Question 7
Incorrect
Mark 0.00 out of 1.00
Flag question
Question text
Which of the following statements ACCURATELY REFLECTS the legal status of an
agreement to provide military supplies to a foreign state adversary (enemy state)?
