LML4805

Assessment 01/2023 for the Second Semester

Unique no: 238588
Submission date: before 18h00 on 14 August

Follow ALL of the following instructions when you attempt this Assessment:

1. Study the learning units in your Study guide for LML4805 before you
attempt this assignment:

Note: The memorandum of this Assessment is based on the Study guide

and students will not be penalized if they do not consult the prescribed
textbook. However, all prescribed study material (as set out in Tutorial letter
101 par 6 and further tutorial letters) should be studied and consulted for the
examination.

2. Read Tutorial Letter 301/4/2023 with General information for all students
in the School of law and follow the instructions and guidelines therein. See,
in particular, par 5 on Assignments. Paragraph 5.2.3.6 deals with the
Answering of assignments and par 5.2.3.7 sets out Formal requirements.
You should also specifically follow the instructions on Ethical behaviour as
a student in par 5.2.4.

3. Read Tutorial letter 302/4/2023 that contains the School of Law

Referencing Guide and follow the instructions and guidelines therein. Your
answers should contain references in footnotes as well as a bibliography in
the prescribed and consistent style. Written answers may contain end notes
instead of footnotes.

4. Your Assessment answer should not exceed the following page limitation:

2 (two) typed pages or 3 (three) handwritten pages.

This excludes the cover page and the bibliography. Answers in extent of the
page limitation will not be marked.

5. Submit your Assessment answer online on the myUnisa module site

before:

Ensure to submit in advance to avoid late submission and/or technical

glitches and/or connectivity issues.

6. To learn how to submit your Assessment, click on the link below.

https://dtls-qa.unisa.ac.za/mod/page/view.php?id=65589
 Follow the instructions on how to submit an Assignment. You will need to
create a pdf and upload it on the module site.
Note: you only have three attempts to submit. Ensure that you submit
your final Assessment answer. Be careful not to submit wrong files, like
Study guides, Tutorial letters or Assessments answers for other modules as
these will earn you zero (0) marks.

The Study Guide and Tutorial Letters referred to above have been uploaded under
Official Study Material on the LML4805 module site on myUnisa.

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The Assessment Questions follow below:

1. Good faith and insurable interest may be regarded as possible essential

requirements of an insurance contract. Provide reasons why some
commentators are of the view that good faith and insurable interest should not
be regarded as essential requirements. Refer to relevant authority. (5)

2. Explain the similarities and differences between insurance contracts and

wagering contracts and discuss how one can distinguish between them. (5)

Total [10]