Mrs. Theron is the CEO of Pretty Petunia Inc, she owns three (3) flower shops in...

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Mrs. Theron is the CEO of Pretty Petunia Inc, she owns three (3) flower shops in the greater Durban area. The business has been rather successful during the festive season, however Mrs. Theron wishes to introduce themed gifts for special occasions at her flower shops. She does not have the expertise, and wishes to contract an event planning company. Mrs. Jolie is the CEO of Dainty Lady Events Inc, and is interested in the social media advert which was posted on Pretty Petunia Inc's social media page. She approaches Mrs. Theron with a business proposal. Mrs. Theron is extremely impressed with the innovative business plan presented to her. Mrs. Theron approaches you for legal advice as she wants to ensure that the contract entered into with Dainty Lady events Inc is legally binding and valid in law. Question 1 Advise Mrs Theron as to what the requirements are for a valid contract. (You are required to list the essential elements for a valid contract, and thereafter demonstrate an independent application of the essential elements by providing examples for each element respectively. You may relate the examples to the scenario provided above) Question 2 (16 Marks) (14 Marks) Mrs Theron wishes to employ 16-year-old Shiloh to assist with events. Shiloh is a widow, as her spouse Derek unfortunately passed away a year after marriage. Shiloh married Derek at the age of 15. All formalities for their marriage were complied with. 2.1 You are required to advise Mrs. Theron regarding the concept of 'capacity in law. You must outline the relevant categories of individuals with limited contractual capacity. Furthermore, provide a brief discussion as to what the legal limitations are for the above-mentioned individuals with limited capacity. (10) 2.2. Mrs. Theron is uncertain as to whether Shiloh has the requisite capacity to contract in law. Will Shiloh be deemed a minor or major in law? Comment critically on Shiloh's capacity to contract in law. (4) Mrs. Theron is the CEO of Pretty Petunia Inc, she owns three (3) flower shops in the greater Durban area. The business has been rather successful during the festive season, however Mrs. Theron wishes to introduce themed gifts for special occasions at her flower shops. She does not have the expertise, and wishes to contract an event planning company. Mrs. Jolie is the CEO of Dainty Lady Events Inc, and is interested in the social media advert which was posted on Pretty Petunia Inc's social media page. She approaches Mrs. Theron with a business proposal. Mrs. Theron is extremely impressed with the innovative business plan presented to her. Mrs. Theron approaches you for legal advice as she wants to ensure that the contract entered into with Dainty Lady events Inc is legally binding and valid in law. Question 1 Advise Mrs Theron as to what the requirements are for a valid contract. (You are required to list the essential elements for a valid contract, and thereafter demonstrate an independent application of the essential elements by providing examples for each element respectively. You may relate the examples to the scenario provided above) Question 2 (16 Marks) (14 Marks) Mrs Theron wishes to employ 16-year-old Shiloh to assist with events. Shiloh is a widow, as her spouse Derek unfortunately passed away a year after marriage. Shiloh married Derek at the age of 15. All formalities for their marriage were complied with. 2.1 You are required to advise Mrs. Theron regarding the concept of 'capacity in law. You must outline the relevant categories of individuals with limited contractual capacity. Furthermore, provide a brief discussion as to what the legal limitations are for the above-mentioned individuals with limited capacity. (10) 2.2. Mrs. Theron is uncertain as to whether Shiloh has the requisite capacity to contract in law. Will Shiloh be deemed a minor or major in law? Comment critically on Shiloh's capacity to contract in law. (4)

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For a contract to be valid it must meet certain essential elements Here are the essential elements for a valid contract and how they apply to the scen... View the full answer