Question: QUESTION TWO: [39] In understanding that a contract may be defined as a lawful agreement, made by two or more persons within the limits of

QUESTION TWO: [39] In understanding that a

QUESTION TWO: [39] In understanding that a contract may be defined as "a lawful agreement, made by two or more persons within the limits of their contractual capacity, with the serious intention of creating a legal obligation, communicating such intention, without vagueness, each to the other, and being of the same mind as to the subject-matter, to perform positive or negative acts which are possible of performance". Consider the following scenarios and respond accordingly. 2.1 Discuss the impact "a minors capacity" has in concluding a binding contract. (17) 2.2. Explain the implication "impossibility of performance has on a valid contract. (8) 2.3. Acceptance of an offer may be an express or implied response by the offeree indicating his intention to be contractually bound in terms of an offer made to him. Discuss the requirements of a valid acceptance of an offer. (14)

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