Both in the contract of sale and in the contract of rent there must be established a price (price of the thing being sold or the rental amount) and the price must certain

Both in the contract of sale and in the contract of rent there must be established a price (price of the thing being sold or the rental amount) and the price must certain. The law however provides that the parties may nominate a third person to fix the price. If they do so, they will usually be bound by the price fixed by the third party as such is one of the risks assumed by the parties themselves. 

In the light of the above statement discuss the decision in Proud Investments (Pty) Ltd v Lanchem International (Pty) Ltd 1991 3 SA 738 (A) and Genac Properties JHB (Pty) Ltd v NBC Administrators CC 1992 (1) SA 566 (A). Discuss the decisions separately. 

(25 MARKS)

Collepals.com Plagiarism Free Papers

Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.

Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS

Why Hire Collepals.com writers to do your paper?

Quality- We are experienced and have access to ample research materials.

We write plagiarism Free Content

Confidential- We never share or sell your personal information to third parties.

Support-Chat with us today! We are always waiting to answer all your questions.