Denver and Jason are brothers and have always had a close bond with each other until the
Question:
Denver and Jason are brothers and have always had a close bond with each other until the death of their father Peter. Peter was a wealthy businessman and had declared in his will and last testament that all his most valuable assets, including 9 residential properties, 22 motor vehicles, and jewelry worth millions, is to be inherited by Jason solely. When Denver was informed that all the most valuable assets were given to his brother and not him, Denver decided to enter into a contract with a hitman. In terms of the agreement between the hitman and Denver, the hitman was to shoot and kill Jason after which Denver would pay the hitman R 50 000. Consider the above scenario and answer the following questions:
1 Explain the essential elements of a valid contract.
2 Is the contract between Denver and the hitman a valid contract? Provide reasons for your answer
Expert Answer:
1 The essential elements of a valid contract typically include a Offer One party must make a clear and definite proposal to the other party b Acceptan... View the full answer
