1.11 If a pupil/us has concluded a contract without parental assistance, but his father later condones the contract, this is known as:
A. Rectification
B. Renunciation
c. Ratification
D. Emancipation
E. Estoppel (2)
1.12 A pupillus may enter into the following contract without the assistance of his/her guardian:
A. A purchase and sale contract for the purchase of cell phone at a purchase price of N$1 000.
B. A donation contract for the receipt of N$1 000 at the age of 16.
C. A donation contract for the donation of his/her kidney at the age of 16.
D. An insurance contract in terms of which he insures his cell phone against theft.
E. None of the above. (2) 3
1. 13 If performance becomes impossible as a result of a flood after the conclusion thereof, the general rule is that such impossibility:
A. Renders the contract void
B. Amounts to a breach of contract
C. Renders the contract voidable
D. Terminates the obligations in terms of the contract
E. None of the above
1.14 The following contract is valid:
A. Sam enters into a contract with Fiona whereby he leases his house to her. Neither one of the parties knows that the house has been destroyed by a flood the previous day.
B. Eric, working as a teller at NAMBANK, agrees with his colleague to share the N$ 1 million that they would steal from the safe over the weekend.
C. Joe sells a car to Jose, a businessman from Nigeria. Jose knows that the car is stolen.
D. Petra, a woman married in community of property, sells listed shares belonging to the joint estate in order to buy other listed shares on the Johannesburg Stock Exchange without the assistance of her spouse.
E. Bertha concludes an agreement with her father in terms of which she undertakes to remain in a state of celibacy for the rest of her life. (2)
1.15 Choose the statement that describes the parol evidence rule:
A. Where parties entered into an unlawful agreement, the contract is void and neither party can institute a claim on the basis of unjust enrichment.
B. The rule that provides that certain agreements would only be valid once reduced to writing and signed by the respective parties.
C. When a dispute arises about an agreement that has been reduced to writing in a document, the parol evidence rule prevents both parties to bring evidence from outside the document and the document as such would serve as the final version of the transaction between the parties.
D. This rule allows the parties to change their contract, provided that there is enough evidence and both agree.
E. Evidence required in order to prove the existence of an oral contract. (2)