Voidable Study guides, Revision notes & Summaries

PVL2601 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 (212823) - DUE 15 April 2024 ; 100% TRUSTED workings, explanations and solutions. ......................................... Question 1 (a) Define a void marriage and a voidable marriage. (2) (b) Read the following scenarios and indicate whether each of the marriages is void or voidable. You must briefly explain your answer: (i) Bobby and Martha married three years ago. At the time of their wedding, Martha was pregnant with Robby’s child. ...

Promulgated Contract Forms Practice Test Questions With All Correct Answers Elements of a Valid and Enforceable Contract - CORRECT ANSWERS 1. Competent Parties 2. Offer and Acceptance (mutual consent) 3. Legal Purpose 4. In Writing 5. Consideration Valid Contract - CORRECT ANSWERS A contract that meets all the requirements of law. Void Contract - CORRECT ANSWERS A contract having no legal force or binding effect...

MRL3701 - STUDY UNIT 15 - VOIDABLE AND UNDUE PREFERENCE, COLLUSIVE DEALINGS AND THE ACTIO PAULIANA

Question 1 1.1 Explain the concept "concursus creditorum" as well as what it presupposes. (5) 1.2 ABC Ltd is a British company that owns property which is lying in a warehouse in Cape Town harbour. ABC Ltd does not have a place of business in South Africa. Will the Western Cape High Court, Cape Town, have jurisdiction to sequestrate ABC Ltd.’s estate? (5) 1.3 Fred approaches you for advice. He informs you that Jenna owes him R24 000 for cleaning services rendered by his company....

One who is given a power-of-attorney that allows them to sign the name of a principal to a contract of sale is a(n): A) attorney-in-fact B) broker with a listing C) special agent D) attorney-at-law attorney-in-fact No two parcels of land are exactly alike because no two parcels can occupy the same position on the globe. This is known as: A) township B) section C) scarcity D) nonhomogeneity nonhomogeneity The five essential elements that make a contract valid are: comp...

Question 1 Not yet answered Marked out of 1.00 Flag question Question text A modus allows Abednego to demand immediate delivery of a vehicle which was unconditionally donated to him by his father subject to him giving his bicycle to his brother before he has done so (i.e., give the bicycle to his brother). a. TRUE b. FALSE Question 2 Not yet answered Marked out of 1.00 Flag question Question text The parol evidence rule does not preclude a contracting party from producing evide...

NATIONAL REAL ESTATE EXAM PRACTICE TEST ALREADY PASSED In most cases, broker compensation, as a percentage of home price, falls somewhere between: 5-7% A Christian organization owns a fourplex. It wants to rent to only Christian tenants. Under the federal Fair Housing Act, is this legal? Yes. Religious organizations which rent to tenants for residential purposes are exempt from the Fair Housing Act What happens to trade fixtures after a business moves out of a leased property? The tenant remo...

ICAEW LawWhat does void mean and when are contracts void? That there is no valid contract and goods should be returned; - Illegality (must not be illegal or against public policy) What does voidable mean and when are contracts voidable? The contract can be ignored by the 'injured' party; - Lack of capacity (due to age or sound of mind) - Lack of free will (duress or undue influence) - Misrepresentation (incorrect facts that made the contract happen) Which agreements must be evi...

To have no force or effect is referred to as a .......... contract? Void Valid Enforceable Executed - Void That which is capable of being adjusted void, but is not unless action is taken to make it so, is referred to as a/an ............ contract? Unenforceable Voidable Executed Expired - Voidable In order to be considered a competent party, an individual must be of the age of the...? Majority Minority Other party None of the above - Majority A contract in which one of the partie...

assignment correct answersThe transfer of rights and duties, but not liabilities, from one contract to another contract or from one person to another person is an: liquidated damages. Earnest money is not consideration; it is the seller's remedy in a liquidated damages contract if the buyer defaults. correct answersWhen the buyer is in default and the seller keeps the earnest money, the contract MOST likely provided for: executory. The phase from offer to a closed and executed/closed cont...