Question: QUESTION TWO [ 3 0 ] Consider the topics below and provide a detailed response. 2 . 1 RIGHTS OF A SURETY To answer this

QUESTION TWO

[30]

Consider the topics below and provide a detailed response.

2.1

RIGHTS OF A SURETY

To answer this question, you must ensure that you have an understanding of what a suretyship agreement is and who the parties involved are.

Provide a detailed explanation of each of the

5

rights that a surety has.

(15)

2.2

PASSING OF OWNERSHIP

Assume that you buy a second

-

hand motor vehicle from Richard Blue for cash. You conclude the sale agreement with Richard on Friday afternoon, make payment and agree to pick up the motor vehicle the following Monday morning.

Apply your understanding of the passing of ownership to determine at which point you will become the owner of that motor vehicle

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