Question $1[15$ Marks$]$

John is a real estate agent working for XYZ Realty. He has been representing a seller, Sarah, in the sale of her property.

Sarah instructed John to sell the property for a minimum of R$500,000.$ John finds a potential buyer, Mike, who is interested

in purchasing the property for R$480,000.$ Mike is willing to pay in cash and can complete the transaction quickly. John

believes that this is the best offer he can secure for Sarah. Without consulting Sarah, John accepts the offer on her behalf.

However, Sarah later discovers that other potential buyers were willing to pay more. Sarah is now unhappy with John's

actions and wants to know if she is bound by the sale to Mike.

$1\mathrm{.}1$ Discuss the legal principles related to agency law in this scenario. $(10$ marks$)$

$1\mathrm{.}2$ Evaluate whether Sarah is bound by the sale to Mike, and what remedies, if any, may be available to her. $(5$ marks$)$

Question Marks$]$

ABC Corporation is a newly established business in South Africa, and its founders are considering various business

structures. They want to understand the advantages and disadvantages of different types of business structures available in

South Africa. Discuss and advise ABC Corporation on FIVE $(5)$ business structure $($s$)$ based on their goals, considering

legal, financial, and operational aspects.

Question Marks$]$

Maria, a law student, is conducting research on a legal issue in South Africa. She is puzzled about the various sources of

law in the country. Provide a comprehensive discussion of the sources of law in South Africa, highlighting their importance

in the legal system. Use relevant examples to illustrate your points.

Question Marks$]$

Mr$.$ Smith has been leasing a commercial property for his business for the past five years. Recently, he has encountered

several issues with the property, including plumbing problems and a leaking roof. Despite notifying the landlord multiple

times, no repairs have been made. Mr$.$ Smith is concerned about the impact on his business and wonders what legal

remedies he may have. Examine the situation based on the law of lease in South Africa and advise Mr$.$ Smith on his rights

and potential courses of action.