Geschreven door studenten die geslaagd zijn Direct beschikbaar na je betaling Online lezen of als PDF Verkeerd document? Gratis ruilen 4,6 TrustPilot
logo-home
Samenvatting

Summary Business Law 1, CML1001F Summaries:

Beoordeling
5.0
(1)
Verkocht
3
Pagina's
43
Geüpload op
15-02-2022
Geschreven in
2020/2021

This document includes a 43 page, complete and detailed summary of Part A, B, C and D in the CML1001F syllabus. Part A covers an Overview of the SA Legal System. Part B covers Financial Planning & The Constitution’s Transformative Influence. Part C covers General Principles of Contract. Part D covers Contracts of Sale.

Meer zien Lees minder
Instelling
Vak

Voorbeeld van de inhoud

PART A:
MEANING OF LAW:
Definition: The body of rules to regulate human conduct, recognised as binding and enforced by
the state.
● Ensures order and justice
● Prescribes what people can and cannot do
● Guarantees freedoms such as human rights
● Provides for state structure and exercise of power
NB: Laws are made by formal process and are consistent However, this does not mean that
they are moral. Morals are subjective and influenced by culture etc..



THE RULE OF LAW:
Laws must be reasonable and applied consistently to all legal subjects, it must apply equally
and be predictable.
- Cornerstone of constitutional democracy



ORGANS OF STATE:
South Africa uses a separation of powers between the organs of state.
Legislature:
● Makes laws
● Process undertaken in parliament in Cape Town
The Executive:
● Enforces the laws made by parliament
● Comprised of ministers and the president leads the executive
The Judiciary:
● Applies the laws
● Comprised of courts



LEGAL PERSONALITY:
Natural persons:
● Human beings hold rights and duties from being born alive until death.

, ○ Humans are born as soon as separated from their mother and the child can
breathe on its own.
○ Foetus is not a human being but a foetus does acquire the rights to its advantage
once it is born alive (nasciturus fiction)
Juristic persons:
● Non-living associations and companies
○ Private companies = Pty(Ltd)
○ Public companies = Ltd
○ Nonprofits = NPC
○ Limited Liability companies = Inc
○ State-owned = SOE
● Upon registration the company gains rights as a juristic person. It can then own property,
sue and be sued, enter into contracts etc.
● Higher institutions of education fall under the Higher Education Act and are thus juristic
persons.



RIGHTS VS INTERESTS:
A legal subject:
- Any person that can hold rights and duties in terms of the law.
A right:
- Any legal interest protected by the law
- Enables one to claim or protect something in which one has a legal interest from another
person.
Capacity to act:
- The capacity to perform juristic acts
- Animals do not have this, and thus have no legal capacity However, damages caused
by pets are claimable from the owner.
Juristic acts:
- An act to which the law attaches at least some of the consequences envisaged by the
parties
- Affected by age, mental health and marriage

,LEGAL SUBJECTS HAVE LEGAL RIGHTS TO:
Corporeal things:
● Tangible objects
Incorporeal things:
● Intangible things which have evidence of ownership via documents
○ Shares in a company
Intellectual property:
● Creations of the mind which are original
○ Trademarks, patents, copyright
Constitutional rights:
● Stipulated by the Constitution Act 108 of 1996 and the Bill of Rights
○ Prohibits discrimination
○ Right to education, religion, equality etc


TYPES OF LEGAL RIGHTS:
Personal rights:
A right that one holds against a specific person and can only enforce the right against that
person.
● Created by:
○ Agreement (contract)
○ One person getting an unfair benefit at the expense of another (unjustified
enrichment)
○ Harm done by another that causes injury to their body or property (delict)
○ Can be transferred from one person to another (cession)
○ NB: vicarious liability = employers are liable for celicts caused by their employees
while performing their duties.
Real rights:
A right one holds in a thing/property
● Enforceable against anyone who tries to cause loss or damage to it
● Created by ownership or procession
● Can be transferred by delivery or registration


The law provides the affected person with legal remedies:
- Measures through which the right can be enforced

, - Infringing a right attracts legal liability
- Most common remedy is action - claim that the other person must comply with the duty
or compensate for losses suffered.



LEGAL LIABILITY:
Legal liability is the condition of being bound to a legal duty and bearing consequences for
failure to do so.
Criminal liability:
● Public liability - duty to abide by provisions of criminal law
● Child/minor below the age of 10 does not have criminal capacity
● Between 10-14, can be proven as having criminal capacity
○ Burden of proof:
■ On the state, which a prosecutor represents (S v Phillips)
■ Victims do not get anything
Civil liability:
● Arises from private relationships, depending on a breach of obligations
● Plaintiff - person who institutes legal proceedings
● Defendant - accused party
● Appellant - party that appeals
● Respondent - other party in an appeal
○ Burden of proof:
■ On the plaintiff (Phillips v Lambrecht) (Phillips v S)
■ Victims get the proceedings costs covered, compensation, damages etc


TYPES OF CIVIL LIABILITIES:
Delictual liability:
● Minor below 7 does not have delictual capacity
● A minor between 7-14 can be proven
● A delict is wrongful and culpable conduct (act/omission) that causes harm/injury to
another person's property or personality
● Elements:
○ Act/conduct
○ Wrongfulness

Geschreven voor

Instelling
Vak

Documentinformatie

Geüpload op
15 februari 2022
Aantal pagina's
43
Geschreven in
2020/2021
Type
SAMENVATTING

Onderwerpen

$12.69
Krijg toegang tot het volledige document:

Verkeerd document? Gratis ruilen Binnen 14 dagen na aankoop en voor het downloaden kun je een ander document kiezen. Je kunt het bedrag gewoon opnieuw besteden.
Geschreven door studenten die geslaagd zijn
Direct beschikbaar na je betaling
Online lezen of als PDF

Maak kennis met de verkoper
Seller avatar
phlmeg008
5.0
(1)

Beoordelingen van geverifieerde kopers

Alle reviews worden weergegeven
4 jaar geleden

5.0

1 beoordelingen

5
1
4
0
3
0
2
0
1
0
Betrouwbare reviews op Stuvia

Alle beoordelingen zijn geschreven door echte Stuvia-gebruikers na geverifieerde aankopen.

Maak kennis met de verkoper

Seller avatar
phlmeg008 University of Cape Town
Volgen Je moet ingelogd zijn om studenten of vakken te kunnen volgen
Verkocht
3
Lid sinds
4 jaar
Aantal volgers
3
Documenten
1
Laatst verkocht
4 jaar geleden

5.0

1 beoordelingen

5
1
4
0
3
0
2
0
1
0

Recent door jou bekeken

Waarom studenten kiezen voor Stuvia

Gemaakt door medestudenten, geverifieerd door reviews

Kwaliteit die je kunt vertrouwen: geschreven door studenten die slaagden en beoordeeld door anderen die dit document gebruikten.

Niet tevreden? Kies een ander document

Geen zorgen! Je kunt voor hetzelfde geld direct een ander document kiezen dat beter past bij wat je zoekt.

Betaal zoals je wilt, start meteen met leren

Geen abonnement, geen verplichtingen. Betaal zoals je gewend bent via iDeal of creditcard en download je PDF-document meteen.

Student with book image

“Gekocht, gedownload en geslaagd. Zo makkelijk kan het dus zijn.”

Alisha Student

Bezig met je bronvermelding?

Maak nauwkeurige citaten in APA, MLA en Harvard met onze gratis bronnengenerator.

Bezig met je bronvermelding?

Veelgestelde vragen