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PVL3702 PORTFOLIO MEMO - MAY/JUNE 2024 - SEMESTER 1 - UNISA - DUE DATE :- 10th MAY 2024 (DETAILED ANSWERS WITH FOOTNOTES AND BIBLIOGRAPHY - DISTINCTION GUARANTEED!)

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PVL3702 PORTFOLIO MEMO - MAY/JUNE 2024 - SEMESTER 1 - UNISA - DUE DATE :- 10th MAY 2024 (DETAILED ANSWERS WITH FOOTNOTES AND BIBLIOGRAPHY - DISTINCTION GUARANTEED!)









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May 10, 2024
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Written in
2023/2024
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PVL3702


MAY JUNE 2024


PORTFOLIO

QUESTION 1

Based on the facts presented, it is clear that an offer was made by Jill to
purchase Jack's Yamaha speedboat for R200,000. The offer included a clause
stating that it was irrevocable and would expire at noon on 5 March 2024. The
offer also stated that the conclusion of a valid contract of sale would be
indicated by the acceptance of the seller.

Jack signed the contract of sale on 4 March 2024, inserting the date of his
signature, but he did not immediately inform Jill of his acceptance. He only
informed Jill on 8 March 2024.
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