LML4804
Assignment 1
Semester 2 2024 -
DUE 26 August
2024
QUESTIONS WITH ANSWERS
, LML4804 Assignment 1 Semester 2 2024 - DUE 26 August 2024
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 Media
House referred the matter to court to demand the outstanding amount
owed by FMP. The matter was set down for hearing for 05 October 2024.
Assignment 1
Semester 2 2024 -
DUE 26 August
2024
QUESTIONS WITH ANSWERS
, LML4804 Assignment 1 Semester 2 2024 - DUE 26 August 2024
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 Media
House referred the matter to court to demand the outstanding amount
owed by FMP. The matter was set down for hearing for 05 October 2024.
