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BUSL 2

Pregunta 1 de 20

1

X contracts with Y to build him a tennis court. X is unable to build the tennis court so Z takes over the job and performs for Y.
This is called...

Selecciona una de las siguientes respuestas posibles:

  • cession

  • delegation

  • novation

Explicación

Pregunta 2 de 20

1

Several consequences arise from the valid cession of a personal right, namely:

Selecciona una o más de las siguientes respuestas posibles:

  • The claim is transmitted to the cessionary in its entirety,without all benefits and privileges;

  • The cessionary also receives the right with all disadvantages attached to it;

  • The right forms part of the patrimony of the cessionary, not of the cedent;

  • The cessionary alone has the right to collect the debt;

  • Once ceded, the right may not be ceded to another person by the cedent, but can be ceded by the cessionary;

  • The debtor can no longer perform validly against the cedent;

Explicación

Pregunta 3 de 20

1

The natural way in which a contractual relationship is terminated is called...

Selecciona una de las siguientes respuestas posibles:

  • discharge

  • completion

  • cession

  • termination

Explicación

Pregunta 4 de 20

1

This type of agreement occurs where a creditor releases a debtor from his or her contractual obligations.

Selecciona una de las siguientes respuestas posibles:

  • release

  • set-off

Explicación

Pregunta 5 de 20

1

Novation is an agreement between the cedant and cessionary in terms of which an existing obligation is extinguished and a new obligation is created in its place.

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 6 de 20

1

In terms of delegation, choose the correct statements:

Selecciona una o más de las siguientes respuestas posibles:

  • Delegation is a specific form of novation and entails the transfer of a debtor's obligation(s).

  • A legally valid delegation may only take place with the permission of the debtor.

  • It occurs when a new party is introduced as the debtor in the place of the initial debtor.

Explicación

Pregunta 7 de 20

1

Set-off takes place when debts which are owed reciprocally by two parties are extinguished.

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 8 de 20

1

Choose the correct requirements that need to be met in order for set-off to occur:

Selecciona una o más de las siguientes respuestas posibles:

  • The debts must be similar in nature

  • The debts must be between the same persons or their families

  • The debts must be claimable

  • The debts must be liquidated (monetary value certain or can be ascertained)

  • The debts must be tangible

Explicación

Pregunta 9 de 20

1

Prescription has to do with the gaining or losing of rights over the passage of time.

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 10 de 20

1

Select the correct prescription periods:

Selecciona una o más de las siguientes respuestas posibles:

  • 32 years for debts secured by a mortgage bond, judgment debts and taxes

  • Three (3) years for debts arising from contract or delict

  • Six (6) years for debts arising from a negotiable instrument

  • 12 years for debts owed to the state resulting from a loan or the sale or lease of land from the state

Explicación

Pregunta 11 de 20

1

As a rule, sequestration terminates the contracts concluded by the insolvent before person became insolvent, but certain contracts are indeed terminated, for example a contract of mandate is terminated when the estate of the mandator’s estate is sequestrated.

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 12 de 20

1

In general, the remedy of execution may be claimed in respect of all contracts.

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 13 de 20

1

Choose the most correct answer

Selecciona una de las siguientes respuestas posibles:

  • For an interdict to be granted, there are 3 requirements:
    A clear right
    Injury
    No other effective ordinary remedy

  • For an interdict to be granted, there are 3 requirements:
    A clear right
    Injury to personal property
    No other effective ordinary remedy

  • For an interdict to be granted, there are 3 requirements:
    A right
    Injury
    No other effective ordinary remedy

Explicación

Pregunta 14 de 20

1

If the contract does not contain a cancellation clause, the innocent party has the right to cancel if the repudiator repudiates any obligation.

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 15 de 20

1

In the absence of a cancellation clause, the creditor may cancel in the following three circumstances only:

Selecciona una o más de las siguientes respuestas posibles:

  • If there is a specific date for performance

  • By sending the debtor a notice of intention to cancel

  • It is deemed to be a tacit term that time is of the essence and the contract may be cancelled if the debtor fails to perform on or before the stipulated time

  • It is deemed to be a tacit term that time is of the essence and the contract may be cancelled if the creditor fails to perform on or before the stipulated time

  • By sending the creditor a notice of intention to cancel

  • If there is a specific time for performance

Explicación

Pregunta 16 de 20

1

In general, the remedy of execution may be claimed in respect of all contracts.

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 17 de 20

1

The major consequence of cancellation is the

Selecciona una o más de las siguientes respuestas posibles:

  • termination of obligations

  • termination of duties

  • termination of rights

Explicación

Pregunta 18 de 20

1

"Restitution" means

Selecciona una de las siguientes respuestas posibles:

  • If either one or both parties have performed, whatever has been performed by the other party must be returned to them or their family.

  • If either one or both parties have performed, whatever has been performed by the other party must be returned to them.

Explicación

Pregunta 19 de 20

1

If the innocent party suffers loss, because the guilty party has breached the contract, the innocent party is not entitled to recover those damages arising after the breach of contract that the innocent party could have prevented or reduced by his own conduct.

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 20 de 20

1

The right to cancel must be exercised within a reasonable time.

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

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