JANUARY 2022 SUPPLEMENTARY/AEGROTAT EXAMINATION

TAKE HOME ASSESSMENT QUESTION PAPER

PROGRAMME Bachelor of Commerce in Human Resource Management

MODULE Commercial Law

INSTRUCTIONS TO CANDIDATES:
1. This is an official assessment of REGENT BUSINESS SCHOOL, and all assessment rules apply.

2. Students are required to carefully read and fully understand the questions before answering

them.

3. Students must answer the questions fully but concisely and as directly as possible using

sufficient research and application.

4. Students should follow all specific instructions for individual questions (e.g., “list”, “in point form”,

“show all workings”).

5. The mark allocation is there to show you the weighting and length of each question.

6. Students are required to answer questions as instructed to.

DATE: 11 January 2022 TIME: 13h00 - 12h45

DURATION: 4.15 MARKS: 100

QUESTION ONE [20]
1.1 Explain the five circumstances under which an offer may lapse. (10)
1.2. Identify with explanations the five special types of agents recognised in agency
agreements. (10)

QUESTION TWO [15]

Summarize the concept of risk in a contract of sale and the factors that are relevant to the passing of
risk.

QUESTION THREE [30]

3.1 Discuss the effect of sequestration on the insolvent’s estate. (10)
3.2 Explain the duties of a Trustee to an insolvent estate. (10)
3.3 Discuss the effect of a contract that is entered into by an agent who does not disclose the
fact that he / she is acting on behalf of a principal. (10)

QUESTION FOUR [35]

4.1 Explain how the new Companies Act 71 of 2008 has changed the requirements for
Companies. (20)
4.2. Companies are classified into two categories, Profit and Not for Profit.
Explain in detail the criteria identifying the four types of Profit Companies. (15)

END OF QUESTION PAPER