CLA1503 ASSESSMENT 2 SEMESTER 2 2025 Craig borrows Grabe’s horse in order to compete in a race. Craig wins the race and decides to become a professional jockey. Without returning the horse to Grabe, he offers to buy it from him for R10 000. Grabe accepts

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,9/18/25, 10:23 PM Assessment 2: Attempt review




CLA1503-25-S2  Welcome Message  Assessment 2


QUIZ




Started on Thursday, 18 September 2025, 10:17 PM
State Finished
Completed on Thursday, 18 September 2025, 10:23 PM
Time taken 6 mins 5 secs
Marks 20.00/20.00
Grade 100.00 out of 100.00


Question 1

Correct

Mark 1.00 out of 1.00




Craig borrows Grabe’s horse in order to compete in a race. Craig wins the race and decides to become a professional jockey.
Without returning the horse to Grabe, he offers to buy it from him for R10 000. Grabe accepts the offer, Craig pays him, and
keeps the horse.



Which ONE of the following forms of delivery has taken place?




1. delivery  CORRECT. Delivery with the short hand occurs when the purchaser already possesses the merx,
with the but does not hold it as owner, and then subsequently holds it as owner. Craig already possessed the
short horse when he bought it from Grabe.
hand

2. delivery with the long hand

3. symbolic delivery

4. actual delivery




The correct answer is:
delivery with the short hand




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, 9/18/25, 10:23 PM Assessment 2: Attempt review

Question 2

Correct

Mark 1.00 out of 1.00




Nola insures her motor vehicle, valued at R40 000, for R40 000 with insurer Abbi, for

R30,000 with insurer Yuba and for R20,000 with insurer Lulu. R20,000 damage is caused to the motor vehicle in a collision
caused by Pete’s negligence.




Which ONE of the following statements is CORRECT?




1.
Nola may
 CORRECT. An insured has the right to insure the same risk-object with as many insurers as
he or she wishes. In the event of the loss occurring, the insured may, however, only recover the
recover her
full amount of his or her loss and no more. Thus, where he or she is over insured, he or she
total loss pro
must choose whether to recover the total loss from one insurer or a pro rata portion from
rata from each
each of the insurers concerned.
of the insurers
concerned.



2.
Nola may claim R 20,000 from one of the insurers as well as R 20,000 from Pete.



3.
Nola may claim R 20,000 from Abbi, R 20,000 from Yuba, and R 20,000 from Lulu - in other words, a total of R 60,000.



4.
Nola may choose which insurer she will claim R 20,000 from. That insurer will then have the right of subrogation
against the other insurers.




Your answer is correct.

The correct answer is:


Nola may recover her total loss pro rata from each of the insurers concerned.




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