Distinguish between real rights and personal rights

Assignment Help English

Reference no: EM133901394

Question

Thuli is a business owner who appoints Zane as her agent to secure a loan using her warehouse as security for a R1 million credit agreement. Zane signs a suretyship in Thuli's name and registers a mortgage bond over the warehouse without informing Thuli. When Thuli discovers it she disputes is validity of the secuity and the agent's authority. The lenders argues that it holds a real right and is protected.

1. Distinguish between real rights and personal rights.

2. Discuss whether the agent (Zane) acted within the scope of his authority and the legal consequences.

3. Evaluate whether the mortgage bond is enforceable against Thuli, and explain the lender's position in terms of holding a real right.

Reference no: EM133901394

Questions Cloud

Describe the circumstances surrounding the difficult work : Describe the circumstances surrounding the difficult work-related decision you had to make. In your description, include details about the options you were

Explain apples success following steve jobs return : Explain Apple's success following Steve Job's return. What does this suggest is Apple's core competency?

Complex modern organizational challenges : Describe its organizational issue and identify how it hinders organizational efficiency. This assignment exposes you to complex modern organizational challenges

Evaluate the cost of treating infectious diseases : Evaluate the cost of treating infectious diseases in the United States compared to the United Kingdom in terms of person, time, and place.

Distinguish between real rights and personal rights : Distinguish between real rights and personal rights. Discuss whether the agent (Zane) acted within the scope of his authority and the legal consequences.

Proximate cause of the accident was failure of the steering : Angelito was injured while he was a passenger in a bus operated by TNT Co. The proximate cause of the accident was the failure of the steering

What is the current threshold for reporting mergers : However, at that time the threshold was raised and indexed to economic growth. What is the current threshold for reporting mergers?

Which can be extended annually as a way to avoid : Which can be extended annually as a way to avoid showing a long term liability in the financial statements.

How would you consider approaching the program : How would you consider approaching the program to collaborate on an evaluation? As always, if you are relying on someone else's ideas when presenting yours

User Account

All Pages