SALE & LEASE NOTES
University of South Africa
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LAW_OF_SALE___LEASE_NOTES
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---84oktober 20212021/2022A+
- Lease: 
Study unit 1: 
Essentialia of a contract: 
these classify a contract as one of a specific type – e.g. contract of sale 
For a contract of sale you look at: 
a) An undertaking by the seller to deliver the thing to the buyer 
b) An undertaking by the buyer to pay a sum of money in 
exchange for the thing 
If the contract doesn’t have these terms it isn’t a contract of sale. 
If it doesn’t have the essentialia of any type of contract but is a valid 
contract it will be a contract su...
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