$2\mathrm{.}1\mathrm{.}3.$ Assume all requirements or a contract nave been met. How does it contribute to the validity and enforceability of the agreement?

$[2]$

$2\mathrm{.}1\mathrm{.}4.$ Describe the type of performance of this contract and provide an example

$[2]$

INTRODUCTION TO BUSINESS LAW $-$ASSESSMENT $1-2024$

IBLW$101/$IBSL$101/$ITBL$101/$IBLA$101/$INBL$101$

Lindokuhle, a $17-$year$-$old high school student with exceptional programming skills, has been offered a lucrative contract by a technology company to develop a mobile application for their business. The contract involves a significant payment upon successful completion of the project. Lindokuhle is eager to accept the offer and believes he is fully capable of fulfilling the requirements. However, the technology company is concerned about Lindokuhle's age and whether he possesses the legal capacity to enter into a valid contract.

Question $2\mathrm{.}2$:

$2\mathrm{.}2\mathrm{.}1$ Explain the concept of contractual capacity and its significance in forming a valid contract. How does the age of a party affect their contractual capacity?

$2\mathrm{.}2\mathrm{.}2$ Discuss the legal principles surrounding contracts with minors. Can Lindokuhle, being a $17-$year$-$old, enter into a valid contract?

$2\mathrm{.}2\mathrm{.}3$ Explore alternative options for the technology company to engage Lindokuhle's services while ensuring compliance with contractual capacity requirements. What modifications or additional measures can be implemented to mitigate the risks associated with a contract involving a minor?

$2\mathrm{.}2\mathrm{.}4.$ Assume Lindokuhle is $18$ years old, what would this change mean for the contract's contractual capacity?

$[2]$

SECTION B

TOTAL: $25$ MARKS

END OF ASSIGNMENT

TOTAL: $50$ MARKS

INTRODUCTION TO BUSINESS LAW $-$ASSESSMENT $1-2024$

IBLW$101/$IBSL$101/$ITBL$101/$IBLA$101/$INBL$101$

Lindokuhle, a $17-$year$-$old high school student with exceptional programming skills, has been offered a lucrative contract by a technology company to develop a mobile application for their business. The contract involves a significant payment upon successful completion of the project. Lindokuhle is eager to accept the offer and believes he is fully capable of fulfilling the requirements. However, the technology company is concerned about Lindokuhle's age and whether he possesses the legal capacity to enter into a valid contract.

Question $2\mathrm{.}2$:

$2\mathrm{.}2\mathrm{.}1$ Explain the concept of contractual capacity and its significance in forming a valid contract. How does the age of a party affect their contractual capacity?

$[3]$

$2\mathrm{.}2\mathrm{.}2$ Discuss the legal principles surrounding contracts with minors. Can Lindokuhle, being a $17-$year$-$old, enter into a valid contract?

$[3]$

$2\mathrm{.}2\mathrm{.}3$ Explore alternative options for the technology company to engage Lindokuhle's services while ensuring compliance with contractual capacity requirements. What modifications or additional measures can be implemented to mitigate the risks associated with a contract involving a minor?

$2\mathrm{.}2\mathrm{.}4.$ Assume Lindokuhle is $18$ years old, what would this change mean for the contract's contractual capacity?

SECTION B

TOTAL: $25$ MARKS

END OF ASSIGNMENT

TOTAL: $50$ MARKS