Question: Indicate whether the following contracts are valid, void or voidable AND give the reason for the correct answer. Q.1.1Nico drank three beers. Although he is
Indicate whether the following contracts are valid, void or voidable AND give the reason for the correct answer.
Q.1.1Nico drank three beers. Although he is over the legal limit to drive ,he is still able to have a coherent conversation with his mates at the sports bar. Nico sells his watch to Maru for R200 as he wants to buy more beer.
Q.1.2Hennie, aged 16, buys gym equipment from Muscles-R-Us Ltd with assistance from his father. This agreement is regulated by the Consumer Protection Act 68 of 2008.
Q.1.3Nannie,aged 18,wins R4 000 on the slot machines at the Gold Star Casino, which is a registered casino.
Q.1.4James, aged 14, sells immovable property that is in his name, without the consent/assistance of his parents. The value of the property amounts to R500 000.
Q.1.5Ayabulela, aged 16, runs a successful food truck on weekends at the Durban beachfront with the consent of her parents and enters into a contract relating to her business.
Q.1.6Muhammed makes a verbal offer to Fathima to buy her house forR950 000.Fathima accepts the offer verbally.
Q.1.7Sheela, who is Billy's secretary, has to send an agreement to Monde, a new tenant in one of the blocks of flats that Billy owns. Sheela mistypes Monde's name as Monica.
Q.1.8Lutho, aged 5, enters into a contract with Alfie, aged 11, for the sale of his bicycle.
Q.1.9Richie buys two bottles of floor cleaner from Yellow Shoppe as he thinks that he has run out of floor cleaner. At home when he looks in the cupboard where he keeps his cleaning supplies, he sees that he still has three bottles of floor cleaner left over.
Q.1.10Neo's estate has been sequestrated by the Gauteng South High Court. Wally is appointed as Neo's trustee. Neo sells his car, that he owned prior thesequestration of his estate, to Charles for R125 000, without the agreement having been approved by Wally
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