Assignment 1: 2017
Answer the following learning outcomes by consulting
the prescribed textbook as well as sources available at the library or on the
internet.
Question1:
The Law of Agency [35]
1.1 Define the following concepts:
- An agent; (5)
- The
principal and authority; (5)
1.2 Mention and briefly discuss the requirements for a valid contract
of agency;
(10)
1.3 Discuss how an agency may be terminated; (5)
1.4 Briefly discuss how you
think the law of agency can affect or be utilized by cooperatives. (10)
Question 2:
The Law of Security [50]
2.1 Discuss what is meant by the following concepts: -
-“Nature
of security interest”; (5)
- A
mortgage bond; (5)
- Pledge of movables; (5)
- Notarial bond over movables; (5)
- Cession in securitatem debiti; (5)
- Suretyship;
(5)
- A Lien; (5)
- A Tacit
hypothec; (5)
2.2 Briefly discuss how you
think the law of security can affect or be utilized by cooperatives. (10)
The assignment must be typed and submitted on the 16th
day of March 2017 during class. Please ensure that this is your own work as
copied work will not be marked.