ICSAZ BUSINESS LAW NOVEMBER 2020 EXAMINER’S REPORT

INSTITUTE OF CHARTERED SECRETARIES AND ADMINISTRATORS IN

ZIMBABAWE

EXAMINERS’ REPORT: NOVEMBER 2020 EXAMINATION

BUSINESS LAW

A. Specific Comments

Question 1
It was a popular question since it was attempted by 100% of the
candidates. The question had four parts requiring candidates to
demonstrate their knowledge on acceptance of an offer, contractual terms
and mere representations, judicial precedent and duties of the lessor and
lessee. Both parts of the question were fairly answered by the candidates

Question 2
Part (a) of the question required candidates to distinguish between the
remedies of action redhibitoria and action quanti minoris. Answers given
were fairly good.
Part(b) wanted candidates to explain ways of terminating a contract of
agency and it was just an ease task for many

Question 3
Candidates were required to evaluate the validity of an oral contract
taking into account the application of the parole evidence rule.
Submissions made by candidates were not of the desired quality.

Question 4

Candidates were required to explain the legal concepts of undisclosed

principal and “huur gaat voor koop” maxim. Candidates presented
explanations of various degrees of certainty.

Question 5

Page 1 of 2
 ICSAZ BUSINESS LAW NOVEMBER 2020 EXAMINER’S REPORT

Most of the candidates had no idea of the consequences of incorporation.

Submissions made were just wild and hence the low level of marks
obtained.

Question 6
The question required candidates to explain their understanding under the
law of security and to highlight the essential elements of a hire- purchase
contract.
In both parts explanations were supported by examples resulting in them
earning more marks.

End of Report

Page 2 of 2