PVL3702 Assignment 1 2025 | Due 7 April 2025

PVL3702 Assignment 1 2025 | Due 7 April 2025

Jack wants to sell his Yamaha speedboat. He approaches Jill, who sells speedboats foa living, and asks her if she is interested in buying his Yamaha speedboat. Jill signs written offer and submits it to Jack for the Yamaha speedboat for R200 000, in document titled “Contract of Sale.” The offer sets out all the relevant and material termand it includes the following clause:

“This offer is irrevocable and expires at noon on 5 March 2024, and upon signature by thseller will indicate his acceptance, as well as the conclusion of a valid contract of sale.”

On 4 March 2024 Jack signs the contract of sale document and he inserts the date of hsignature therein, but he forgets to immediately inform Jill that he has done so. Only on March 2024, Jack informs Jill of his acceptance. Jill indicates to Jack that her offer lapseon 5 March 2024, and that Jack did not inform her of his acceptance timeously. Jill furtheinforms Jack that she no longer wants to purchase the Yamaha speedboat.

Jack approaches you for legal advice. Assume that a valid offer was made by Jill to Jackfor the Yamaha speedboat. You must assume further that Jacks acceptance waunqualified, and that he was the correct person to accept Jill’s offer because the offer wamade to him, and also that he was conscious and aware of the offer that was made tohim when he signed the contract of sale document. You must advise Jack only abouthe relevant aspects of his acceptance which are pertinent for this factual scenarioby making reference to the case law that you were required to read, and by alsreferring to the prescribed textbook. You must further advise Jack about hisconcern that he only informed Jill after 5 March 2024, that he accepted Jill’s offeUltimately you must advise Jack if a legally binding contract was concludebetween him and Jill. Discuss fully. Do not apply the direct reliance theory and thiustus error doctrine to this question. Also do not apply the Consumer Protection Act 6of 2008.