Question: QUESTION TWO [ 3 8 ] Jason, a 1 6 year old, read an article in a magazine which highlighted the benefits of investing in

QUESTION TWO [38]
Jason, a 16 year old, read an article in a magazine which highlighted the benefits of investing in
property. He lives with his parents but now wants to purchase a flat for R400000. He has saved
the money from his business of servicing computers over the years.
2.1. List the essentials of a valid contract. (8)
2.2. Discuss whether Jason has the required capacity to conclude a valid contract. (15)
2.3. Jason is concerned that the Seller of the flat may fail to honour his duties in terms of the
contract. Advise Jason on all the remedies for breach of contract. (15)

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