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BusinessLaw1A - Business Law 1A - QUIZ

BusinessLaw1A · Business Law 1A

University of Johannesburg

Questions
10 Questions
Attempts
1 attempt

Practice 10 questions on BusinessLaw1A - Business Law 1A at University of Johannesburg. Free AI-generated quiz on uNotes — track your score, retake anytime.

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Questions

  1. 1
Which of the following are considered valid ways for a minor to attain majority under South African law?
  • 2What is the legal effect of a contract concluded by a person who has been certified as mentally deficient by a court?
  • 3Define the 'parol evidence rule' in the context of written contracts.
  • 4Under which conditions would a creditor be entitled to cancel a contract for positive malperformance?
  • 5When a creditor prevents the debtor from performing as agreed, what form of breach is this called?
  • 6What are the requirements for set-off to occur?
  • 7What does the 'caveat subscriptor' rule imply for a party signing a contract?
  • 8Distinguish between 'capacity to act' and 'legal capacity'.
  • 9What is the prescription period for a debt arising from a mortgage bond?
  • 10Explain the concept of 'rectification' in a contract.
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