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Gideon, a resident of Pretoria, has always dreamed of buying a house in Rondebosch, Cape Town. On 12 March 2022, he saw an advertisement of his dream house which has a perfect view of Table Mountain on sale on Property.com. Gideon immediately swung into action and applied for a loan from his bank, Absa. He also sent his offer of purchase to the seller, Chiba and Chiba accepted Gideon's offer subject to Absa granting Gideon the loan. The cost of the house is R2 million. In the early hours of 16 March 2022, a mountain fire burnt and destroyed the house. On 20 March 2022, Absa approved Gideon's loan and he immediately instructed his attorneys to confirm the notarial work and signing of paperwork. His attorneys subsequently pushed for the registration at the Deeds office to be in Gideon's name (the new owner's name). Registration was approved on 4 April 2022 and Gideon decided to fly to Cape town the next day to physically see his newly acquired property. When Gideon arrived in Cape Town, he got the shock of his life when he found out that his property was completely destroyed and unsalvageable.
Discuss the effect of the CPA on the passing of risk doctrine and explain whether the CPA applies to the above scenario or not.
The assignment in Law deals with the topic "Legal Environment of Business". A case study about Mary, a newly joined employee who is working in the USA and Europe. She faces few issues at her work place in Europe and tries to talk to her manager who s..
This assignment is about the concept of Business Ethics & Legal Issues. The laws relating to these can be found in Antitrust laws. These laws are concerned with those large corporations which have a majority of market share, mergers and acquisitions.
Examples of securities that are exempted from the registration provisions of the 1933 Act and involving misstatement of material facts in a prospectus.
With the aid of a decided cases, discuss the doctrine of ratification of pre-incorporation contract.
It has been estimated that about 6,000 phoenix companies operate in Australia, costing government and the community hundreds of millions of dollars per year and impacting on individuals.
Company Law, Application of Law to Facts and Conclusion.
This assignment related to business law.
Answer all the questions under business law.
Iidentify the issue(s) raised by the facts, identify the relevant legal principles, apply the relevant legal principles to the facts, reach a conclusion.
Prepare a report and present an evaluation of the subsequent methodologies for software development in terms of cost, resources and time.
Business value and ethics, Bart agrees to put Sam's Super Bowl champion-ship autographed football in his sports store to sell for $1,500. Sam agrees to pay Bart a 15% commission for selling the ball. If Joe comes in the sports store and offers Bart ..
Advise what tax consequences arise in respect of the payments.
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