Explain the term res perit domino, Business Law and Ethics

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QUESTION 1

Explain the following words-

1. Promissory condition

2. Contingent condition

3. Condition precedent

4. Concurrent conditions

5. Conditions subsequent

QUESTION 2

(i) Explain the term "Res Perit Domino"

(ii) In accordance with the Mauritian Civil Code state when property, risk and title pass in contract

QUESTION 3

(a) What is an exemption clause?

(b) State three types of exemption clauses

(d) What are the general rules of construction in respect of exemption clauses

QUESTION 4

A. What are the ways in which a contract may be terminated?

B. Elaborate on two of them

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