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PVL3702 Assignment 1 (ANSWERS) Semester 2 2023 (698664) - DISTINCTION GUARANTEED (4 DIFFERENT ANSWERS INCLUDED)

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Well-structured PVL3702 Assignment 1 (ANSWERS) Semester 2 2023 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!). Carol, an owner of an exclusive bicycle shop advertised a special limited-edition bicycle for sale, and invited the public to make offers for the bicycle. Jane and Portia were among many people who submitted written offers for the bicycle. Jane’s offer was for R150 000, and Portia’s offer was for R190 000. Although Carol intended to accept Portia’s offer, she erroneously wrote a letter to Jane, wherein she accepted Jane’s offer. Jane believes that an enforceable contract was concluded but Carol denies this. Apply the iustus error doctrine and advise if a legally binding contract was concluded between Carol and Jane. Discuss fully and refer to case law in your answer. Do not apply the Consumer Protection Act 68 of 2008.

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PVL3702
Assignment 1 Semester 2 2023
Unique Number: 698664
Due Date: 21 August 2023

4 DIFFERENT ANSWERS PROVIDED

In order to determine if a legally binding contract was concluded between Carol and Jane,
we need to consider the principles of the iustus error doctrine. The iustus error doctrine
applies when there is a genuine error made by one party in the formation of a contract. It
allows for the contract to be set aside if it is clear that the mistake was material and that the
contract would be unfair to one of the parties.

Mr. Fouche terminated the agreement after only 1 month by giving Global & Local notice of
termination. Global & Local disputed the termination, arguing that the clause required a full
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