Cla 1503 Assignment 2
Student Number: CLA1503 Assignment Number: Michael Cohen Question 1a) The formalities required by both parties (Moloko and Mamba) include the compliance of legislation relating to the contract of sale for the purchase of a piece of land. Whereby, as per the Alienation of Land Act 68 of 1981, no contract is valid for the alienation of land unless it is contained in a contract of alienation signed by the parties to the contract or their agents acting on instructions written by the principles. Thus, Moloko and Mamba need to create and complete a contract of alienation signed by both parties. Furthermore, these formalities also include the condition in which Mamba must first be granted approval for a mortgage bond by Bruto Bank. Thus, if this was an oral agreement between Moloko and Mamba and it precedes the written agreement, it must be determined from the contract whether the parties intended reduction to writing to be a requirement for validity or mere proof of their oral contract. If writing is a requirement for the validity of the contract, the ‘contract’ remains invalid until it is put in writing in the contract between Moloko and Mamba. Question 1b
Información del documento
- Subido en
- 16 de septiembre de 2021
- Número de páginas
- 4
- Escrito en
- 2021/2022
- Tipo
- Examen
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