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

(c) Distinguish exemption clauses from other similar 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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