CLA2602 Commercial Law IIB
University of South Africa
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CLA2602 - The Law of Trusts - Questions and Answers
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---6oktober 20212021/2022A+
- 1. What are the basic features of a trust? 
The basic features of a trust are that the control of trust property is transferred 
to the trustee to be administered for the benefit of the beneficiary. 
2. Name the recognized methods for transferring ownership of movable or immovable 
property. 
 Original method e.g. occupation or prescription 
 Derivative method e.g. delivery of- movable property or transfer and 
registration of immovable property. 
3. Distinguish between an ownership trust ...
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CLA2602 SUMMARIZED NOTES 2021.
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---114oktober 20212021/2022
- CLA2602 SUMMARIZED NOTES 2021. CLA2602 - Commercial Law. Non-essential elements of a cheque – elements that appear on a cheque but do not affect the validity of the 
cheque : 
 date – cheque not invalid merely because it is not dated. If dated then that is deemed to be the true date 
of the drawing. If not dated then date of issue of the cheque is regarded as the date of the cheque (issue 
= date of delivery of the fully completed cheque to a person who takes it as holder). Act says that ...
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ExcelAcademia2026
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CLA2602 SUMMARIZED NOTES
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---114oktober 20212021/2022A+
- STUDY UNIT 1A NEGOTIABLE INSTRUMENTS & OTHER METHODS OF 
PAYMENT 
Negotiable instruments & other methods of payment 
e.g. bills of exchange, cheques and promissory notes. 
Sources of SA Law of negotiable instruments : 
 Legislation – Bills of Exchange Act 34 of 1964 
 SA Common Law – Roman-Dutch Law (anything not covering in the Bills of Exchange Act is subject to 
common law) 
 Decisions of the SA courts 
 SA courts NOT bound by English case law BUT decisions in English courts c...
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