QUESTION 1 Mr. Lekalakala is a maize farmer in Mpumalang During October 2020 he contracted...
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QUESTION 1
Mr. Lekalakala is a maize farmer in Mpumalang During October 2020 he contracted with Mr. Maasdorp to sell his next maize crop (due in April 2021) for the lump sum of R90 000 irrelevant of whether it materialises. As a result of heavy hailstorms, the crop only delivered four 10 kg bags of maize during April 2021. What is the Latin name of this type of future sale AND what will be the final purchase price that Mr. Maasdorp must pay? [2]
Mr. Lekalakala is a maize farmer in Mpumalanga. During October 2020 he contracted with Mr. Maasdorp to sell his next maize crop (due in April 2021) for the sum of R100 per 10 kg bag of maize. As a result of heavy hailstorms, the crop only delivered four 10 kg bags of maize during April 2021. What is the Latin name of this type of future sale AND what will be the final purchase price that Mr. Maasdorp must pay? [2]
Mr. Lekalakala is a maize farmer in Mpumalanga. During October 2020 he contracted with LOWVELD WHOLESALERS to sell his next maize crop (due in April 2021) to them. Mr. Maasdorp contracted with LOWVELD WHOLESALERS to buy four 10 kg bags of maize from their store during April 2021. What is the name of this type of future sale?
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