Smith and Roberson’s Business Law
17th Edition
ISBN: 9781337094757
Author: Richard A. Mann, Barry S. Roberts
Publisher: Cengage Learning
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Chapter 12, Problem 3CO
Summary Introduction
To discuss: Whether pre-existing public and contractual obligations satisfy the legal requirements of consideration.
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Please answer question 3. Provide in-text citations and references within 2019-2025. the company is a solar company
accreditation. Thato had to work with international bodies, adding complexity and expense to her
operations.
Despite these challenges, Thato capitalized on the strengths of the entrepreneurial environment.
She formed partnerships with local agricultural cooperatives and NGOs, enabling her to access
shared resources, knowledge, and training programs. She also collaborated with the government
to participate in a public-private initiative promoting sustainable farming, which provided her with
a modest grant.
Thato leveraged digital platforms to connect directly with customers, eliminating intermediaries
and offering competitive pricing. Her ability to innovate and adapt proved critical in sustaining her
business, even during economic disruptions caused by the COVID-19 pandemic. By the end of
2023, Savannah Organics had expanded its operations to 15 hectares, supplying produce to
supermarkets across the country and partnering with health-focused restaurants.
Thato's journey highlights both…
Case Study: Savannah Organics
In the fast-developing economy of Botswana, a young entrepreneur, Thato Dlamini, decided to
venture into organic agriculture. Inspired by the growing global demand for organic produce,
Thato founded Savannah Organics in 2019, aiming to supply pesticide-free fruits and vegetables
to urban markets. The company started with a modest 5-hectare plot on the outskirts of Gaborone.
Despite its potential, Savannah Organics faced significant challenges linked to the entrepreneurial
environment.
Access to funding was one of the primary obstacles. Thato struggled to secure a bank loan, as the
financial institutions required collateral far beyond her means. Her attempt to raise funds through
grants was equally difficult, with bureaucracy and lack of clear guidance delaying her applications.
Another challenge was the lack of supportive infrastructure. Irrigation systems and farm equipment
were either unavailable locally or prohibitively expensive, forcing Thato to…
Chapter 12 Solutions
Smith and Roberson’s Business Law
Ch. 12 - Prob. 1COCh. 12 - Prob. 2COCh. 12 - Prob. 3COCh. 12 - Prob. 4COCh. 12 - Prob. 5COCh. 12 - Prob. 1QCh. 12 - Prob. 2QCh. 12 - Prob. 3QCh. 12 - Prob. 4QCh. 12 - Prob. 5Q
Ch. 12 - Prob. 6QCh. 12 - Prob. 7QCh. 12 - Prob. 8QCh. 12 - Prob. 9QCh. 12 - Prob. 10QCh. 12 - Prob. 11QCh. 12 - Prob. 12CPCh. 12 - Prob. 13CPCh. 12 - Prob. 14CPCh. 12 - Prob. 15CPCh. 12 - Prob. 16CPCh. 12 - Prob. 17CPCh. 12 - Prob. 18CPCh. 12 - Prob. 19CPCh. 12 - Prob. 20CPCh. 12 - Prob. 1TSCh. 12 - Prob. 2TSCh. 12 - Prob. 3TS
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