Commercial Law 622
RICHFIELD GRADUATE INSTITUTE OF TECHNOLOGY (PTY) LTD FACULTY OF LEADERSHIP AND BUSINESS ADMINISTRATION Module Name: COMMERCIAL LAW 622 South Africa
- 1. Candidates are advised to read the guide lines in the study guide.
- Each student is required to do an oral presentation of their assignments and marks to be allocated as above rubric.
- For reference use prescribed, recommended books and other resources you may come across.
- Correct Harvard referencing carries (5 Marks).
The purpose of an assignment is to ensure that the Student is able to:
- Use methods of enquiry and research in a disciplined field.
- Interpret and evaluate text.
- Have a sound understanding of key principles and theories, rules and awareness.
- Solve unfamiliar problems using correct procedures as well as investigate and critically analyse information and report thereof.
- Present and communicate information reliably and coherently.
Instructions and guidelines for writing assignments
- Use the correct cover page provided by the institution.
- All essay type assignments must include the following:
- Table of contents
- Main body with subheadings
- Recommendations and Conclusions
- Bibliography(case laws quoted must have complete and correct citation)
- The length of the entire assignment must have minimum of 5 pages. Typed with font size 11 Calibri. 1.5 spacing
- The quality of work submitted is more important than the number of assigned pages.
- Copying is a serious offence which attracts a severe penalty and must be avoided at all costs. If any student transgresses the institution Plagiarism policy, that student will be subjected to the penalty as per the institution Plagiarism policy.
- While attempting the Assignments students are advised to comply with the plagiarism guidelines provided to you before the commencement of the academic work for the semester. Any deviation from the guidelines would attract undue penalty.
- Harvard Referencing to be adhered to at all times while attempting the assignments.
- The above provided Rubric is applicable only for theory modules and the Modules which are quantitative in nature will have different Rubric which will provided separately along with the respective assignment questions.
Read the case study below and answer ALL the questions that follows:
Murti is a distributor who operates from Conubia in Durban. His principal place of business is in Durban, but Murti travels to Gauteng regularly to obtain a rare commodity called Hygenic Body wash, which is manufactured by Nad.
Murti buys Hygenic Body wash from Nad for R20 000 subject to the National Credit Act. The agreement is concluded at Nad’s head office in Sandton.
Two days after delivery of the goods to Conubia a major customer of Murti’s liquidate, leaving him destitute. Murti defaults on his payment to Nad.
Discuss the legal position in the following cases:
1.1The agreement exempt Nad from liability for any representation made about the goods. (20)
1.2 Nad is an unregistered credit provider. (10)
1.3 Nad lends Murti the money to pay the deposit. (10)
1.4 Murti fails to make payment of an instalment on time. (15)
1.5 The contract is not in writing. (10)
1.6 Murti is an un-emancipated minor. (15)
1.7 The agreement states that interest is charged at a rate of 30% per month. (5)
1.8 The agreement states that the interest is charged at 2% per day, compounded. (5)