CLA1503 Assignment 1

CLA1503 Assignment2 Student Number: Unique Assignment Number: Module Code: CLA1503 Assignment 1 This study source was downloaded by from CourseH on :38:15 GMT -05:00 This study resource was shared via CourseH Student Number: CLA1503 Assignment Number: Michael Cohen Question 1a) The formalities required by both parties (Moloko and Mamba) include the compliance of legislation relating to the contract of sale for the purchase of a piece of land. Whereby, as per the Alienation of Land Act 68 of 1981, no contract is valid for the alienation of land unless it is contained in a contract of alienation signed by the parties to the contract or their agents acting on instructions written by the principles. Thus, Moloko and Mamba need to create and complete a contract of alienation signed by both parties. Furthermore, these formalities also include the condition in which Mamba must first be granted approval for a mortgage bond by Bruto Bank. Thus, if this was an oral agreement between Moloko and Mamba and it precedes the written agreement, it must be determined from the contract whether the parties intended reduction to writing to be a requirement for validity or mere proof of their oral contract. If writ