State whether the following agreements/contracts are void, voidable, valid, or unenforceable AND provide a reason for your
Question:
State whether the following agreements/contracts are void, voidable, valid, or unenforceable AND provide a reason for your answer.
Q.1 Gift, aged 6, buys a DVD for R150 from Incredible Movies without being assisted by his mother.
Q.2 Antonio, an unrehabilitated insolvent, enters into an agreement to sell his TV set to Jabu without the assistance of Thandi, his trustee. The TV set formed part of the insolvent estate.
Q.3 Mpho, aged 15, buys a dress from her school friend for R500 without having been assisted by her mother. Mpho uses the money that she had made from baby- sitting.
Q.4 Clive enters into a contract with a hitman, Herbert to kill his ex-boss for R50 000.
Q.5 James agrees verbally to stand surety for Jesse’s student loan with ABC Bank.
Q.6 Angie, aged 17, received a donation from the Blue Skies Trust. Angie was not assisted by her father.
Q.7 Fire Fly (Pty) Ltd enters into a contract of sale with Herman, aged 25, in terms of which Herman buys a gaming console from Fire Fly (Pty) Ltd for R4 500.
Q.8 Jennifer gets very drunk at her local pub and enters into a contract of sale with the barman for her vintage car. The car is valued at R100 000 and she sells it to the barman for R1500.
Q.9 Gemma, who was declared a prodigal, buys 10 pairs of shoes without being assisted by Joanne, her curator.
Q.10 Asha, who is married out of community of property to Muhammed, enters into a contract with Big Bank Ltd in terms of which she stands surety for debts incurred by her sister, Leah. Muhammed does not co-sign the suretyship agreement.
Business Law Today The Essentials Text and Summarized Cases
ISBN: 978-1305574793
11th edition
Authors: Roger LeRoy Miller