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PVL3702 Assignment 1 (COMPLETE ANSWERS) Semester 1 2026 - DUE March 2026

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PVL3702 Assignment 1 (COMPLETE ANSWERS) Semester 1 2026 - DUE March 2026; 100% TRUSTED Complete, trusted solutions and explanations. For assistance, Whats-App 0.8.1..2.7.8..3.3.7.2... Ensure your success with us. .. Jabu owns a jewelry store. He recently bought what he believed to be a genuine diamond ring for R50 000 from one of his suppliers. Raymond visits the store and offers Jabu R80 000 for the same ring and Jabu accepts the offer. The contract was concluded on the basis that the sale item is a genuine diamond ring. Subsequently, when Raymond visits his friend Themba, who specializes in diamond trading, Themba informs him that the ring is a fake and is not a genuine diamond ring. It turns out that the ring was made with inferior materials which were artificial, and even though the end product appears to look like a diamond ring, it is not. Discuss fully the type of mistake that is relevant to this question and advise Raymond if the contract he concluded with Jabu is valid or void. Refer to case law in your answer. Do not discuss latent defects and breach of contract. And do not apply the Consumer Protection Act 68 of 2008 to this question.

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PVL3702
Assignment 1 Semester 1 2026
Unique number:
Due Date: March 2026

QUESTION 1 (3 ANSWERS PROVIDED)

In terms of the will theory, consensus requires that the parties seriously intend to contract,
be of one mind regarding the material terms, and be aware that their minds have met.1 If a
material mistake excludes consensus, the contract is void ab initio.

In this scenario, both parties contracted on the basis that the merx was a genuine diamond
ring. After conclusion of the agreement, it was discovered that the ring was not a diamond at
all, but an imitation made of inferior artificial materials. The critical issue is whether
Raymond’s mistake relates to the nature of the subject matter (error in corpore) or merely to
a characteristic of the thing (error in substantia).




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