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 16^th day of March 2017 during class. Please ensure that this is your own work as copied work will not be marked.