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Exam (elaborations)

PVL3702 Assignment 1 Semester 2 2022

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Uploaded on
July 31, 2022
Number of pages
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Written in
2021/2022
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PVL3702
ASSIGNMENT 1
SEMESTER 2 – 2022 (UNIQUE NO: 836970)

, Question

On 5 August, X sends a written offer by post to Y, to purchase Y’s ROLEX watch
for R20000 (twenty thousand rand). One of the terms in the offer is that the offer
will lapse on 20 August. In response to this offer, Y writes her letter of
acceptance and posts it to X on 15 August. On 17 August Y changes her mind
and decides that she no longer wants to sell the ROLEX watch as it is a limited
edition. Y then calls X by telephone on 18 August and informs X that she (Y) is
withdrawing her acceptance and that her postal acceptance should be ignored.
On 21 August X receives Y’s written acceptance that was sent by post. X seeks
your advice on whether a legally binding contract was concluded between X and
Y. Discuss and substantiate fully. TOTAL [20]

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