In: Finance
QUESTION 1
(a) ‘If there has been a breach of a material term, the innocent party may cancel the contract and claim damages’:
Advise the innocent party about the principles to sue another person to claim damages. (5 × 2 = 10)
(b) Advise members of a close corporation about the set of rules as set out in section 46 of the Close Corporation Act 69 of 1984 that governs internal relations. (5 × 2 = 10) [20]