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1.01 When interest rates [1] decrease, businesses will decrease their investment spending. [2] increase, savers are worse off. [3] increase, borrowers benefit. [4] decrease, the cost of financing a house is lower. Due to a decrease in interest rates, consumers would be more likely to purchase a house or a car because the cost of financing their purchase is lower (as higher rates could deter one from borrowing to buy a house or car). On the contrary, higher interest rates could encourage ...

ASSIGNMENT 1: FIRST SEMESTER 2021 (continued) QUESTION 1 17 When interpreting the wording used in the Income Tax Act, the application of the contra fiscum rule may be necessary. What does this mean? (1) The court will apply the interpretation that is more favourable to SARS. (2) The court will apply the interpretation that places the bigger burden on the taxpayer. (3) The court will apply the interpretation that places the smaller burden on the taxpayer. (4) The court will apply the int...

Question 1 [10] Provide a summary of the main points from the ILO policy note that focus on occupational health and safety. Remember to references all the sources you consult. Write or type your answer here: According to the ILO policy on occupational health and safety, “protecting workers and their families from the risk of infection needs to be a top priority”. This includes health risks from COVID-19, but also the financial security. Various measures of protection in the “workpla...

Question 1- 2 Y and Z reach an agreement that should Y sell his leather couch, he (Y) will offer to sell it to Z first, before making an offer to sell the couch to any other person. Which statement is CORRECT? 1 Y and Z concluded an option contract. 2 Y and Z concluded a pre-emption contract. 3 Y and Z concluded neither an option contract nor a pre-emption contract. 4 Y and Z concluded an option contract and a pre-emption contract. 5 Y and Z concluded a contract subject to a resolutive condi...

PVL3701 ASSIGNMENT 2 SEMESTER 1 & 2 2021 UNIQUE NUMBER: DISCLAIMER: Extreme care has been used to create this document, however the contents are provided “as is” without any representations or warranties, express or implied. This document is to be used for comparison, research and reference purposes ONLY. Directly submitting and/or reselling/ distribution / reproduction any part of this document is not permitted. PREVIEW OF QUESTION 1 1. 2 (Study Guide pages 150-151) Option (2): CORR...

QUESTION 1: a) False. Ownership is the most comprehensive real right a person can have with regards to a thing, however although the principle allows for a person to act upon and with their thing as they please, their freedom is restricted by law and the rights of others.1 b) False. The rei vindicatio is a real action which can be instituted by an owner to claim back their thing from who is unlawfully in control of it. The remedy can be instituted with regards to moveable or immovable pro...

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 con...

1a) According to the Alienation of Land Act 68 of 1981, no contract for the alienation of land is valid unless it is contained in a contract of alienation signed by the parties to the contract or by their agents acting on their written instructions. However, any alienation of land in contravention of the Act will be deemed to be valid if both parties have performed fully and the land has been transferred to the new owner. The formalities required by both parties (Moloko and Mamba) include t...

AUE1601 Assignment 2 QUESTION 1 1.1 The companies Act requirements that should be met on the issue of 150 000 shares by Property Invest’s Board of Directors include the following ;  The board of directors has authority to issue shares to both shareholders and Realty Invest (Pty) Ltd the subsidiary of by Property Invest.  Shareholders must receive a notice for the issue of shares to Realty Invest (Pty) Ltd the subsidiary of by Property Invest.  A special resolution is required...

AUE1601 LEGAL ASPECTS IN ACCOUNTANCY 2020 SEMESTER 1 ASSIGNMENT 1 SUGGESTED SOLUTION UNIQUE NUMBER: 1. 3 If the company in whose name the pre-incorporation contract has been entered is not subsequently incorporated, the company will remain liable for any liabilities as a result of the preincorporation contract. 2. 1 Makes submissions to the board on any matter concerning accounting policies, financial control, records, and reporting of the company. 3. 1 If there is more than one class ...