Special instructions:

Students are to refer to South African law only.

Practical examples must relate to the case scenario provided.

The law of contract acts as a golden thread throughout all business transactions. It governs the foundational

agreements in such business transactions, thereby providing a legal framework for rights, obligations, and

enforceability.

Kool Kars Inc is owned by Melissa. The company rents luxury cars at different price ranges. The business also offers a

chauffeur service. The company has $3$ showrooms all over South Africa. Kool Kars Inc has become quite popular for

weddings, school dances as well as photoshoots.

Melissa wishes to contract with Photo$4$U Inc, a company owned by John. The company does photography as well as

special effects. Melissa believes that this will be a great addition to her business. She however is mindful of the

importance of a well drafted contract that includes the $$essentialia$$ required to make the contract legally enforceable, valid

and binding. Melissa states that she understands that a $$meeting of the minds$$ is necessary in order for a contract to

come into existence.