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A dissatisfied customer of Lee, a motor vehicle dealer, instituted an action for damages in respect of an alleged defect in a vehicle purchased from Lee. The dispute was settled out of court on 1 September 2023. In terms of the settlement agreement, Lee undertook to pay an amount of R30 000 to the customer as full and final settlement of the claim. The attorney’s account for legal costs, payable by Lee, amounts to R10 000. Choose the correct combination below in relation to the facts above...

(a) The requirements of an electronic signature have likely been met by clicking on the icon "submit order". According to the Electronic Communications and Transactions Act (ECTA) inSouth Africa, an electronic signature is defined as "data attached to, incorporated in, orlogically associated with other data and which is intended by the user to serve as a signature."

This document contains answers of LML4804, Assignment 1 Semester 2. (a) The lump sum received when Mrs Beatrice was retrenched: The lump sum of R1 million received by Mrs Beatrice on termination of her employment is considered a retirement benefit. In South Africa, retirement benefits are subject to tax.

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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 fo...

this documents is IRM1501 Portfolio memorandum.

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