[TYPE THE COMPANY NAME]
MRL2601 Assignment 1
(COMPLETE ANSWERS)
Semester 1 2026 - DUE 6
March 2026
NO
PLAGIARISM
[Pick the date]
[Type the abstract of the document here. The abstract is typically a short summary of the contents of
the document. Type the abstract of the document here. The abstract is typically a short summary of
the contents of the document.]
, Exam (elaborations)
MRL2601 Assignment 1 (COMPLETE
ANSWERS) Semester 1 2026 - DUE 6 March
2026
MRL2601 Assignment 1 (COMPLETE ANSWERS) Semester 1 2026 - DUE 6
March 2026; 100% TRUSTED Complete, trusted solutions and explanations.
Ensure your success with us.
Question 1 1.1 Ben is a young aviation specialist who is passionate about
aircraft and aviation law. In his professional pursuits, he has decided to
establish a company or form a partnership with a colleague that would
enhance the global aspect of aviation within the area of corporate law. Ben
decides to approach you for advice about a partnership and a company.
Advise Ben on the difference between a partnership and a company. (10)
Key Differences: Partnership vs. Company
Feature Partnership Company (Proprietary/Public)
Legal Not a separate legal entity. The A separate legal entity. It can sue, be
Personality partners are the business. sued, and own property in its own name.
Unlimited personal liability. Partners Limited liability. Shareholders are
Liability are personally responsible for the generally only liable for the amount they
business's debts. invested.
Lacks "perpetual succession." If a Perpetual succession. The company lives
Continuity partner leaves or passes away, the on regardless of changes in ownership or
partnership technically dissolves. directors.
Governed by a Partnership Agreement Governed by a Memorandum of
Governance
and relevant local Partnership Acts. Incorporation (MOI) and Companies Acts.
Capital Limited to the contributions of the High potential; can raise capital by issuing
Growth partners and loans. shares to new investors.
MRL2601 Assignment 1
(COMPLETE ANSWERS)
Semester 1 2026 - DUE 6
March 2026
NO
PLAGIARISM
[Pick the date]
[Type the abstract of the document here. The abstract is typically a short summary of the contents of
the document. Type the abstract of the document here. The abstract is typically a short summary of
the contents of the document.]
, Exam (elaborations)
MRL2601 Assignment 1 (COMPLETE
ANSWERS) Semester 1 2026 - DUE 6 March
2026
MRL2601 Assignment 1 (COMPLETE ANSWERS) Semester 1 2026 - DUE 6
March 2026; 100% TRUSTED Complete, trusted solutions and explanations.
Ensure your success with us.
Question 1 1.1 Ben is a young aviation specialist who is passionate about
aircraft and aviation law. In his professional pursuits, he has decided to
establish a company or form a partnership with a colleague that would
enhance the global aspect of aviation within the area of corporate law. Ben
decides to approach you for advice about a partnership and a company.
Advise Ben on the difference between a partnership and a company. (10)
Key Differences: Partnership vs. Company
Feature Partnership Company (Proprietary/Public)
Legal Not a separate legal entity. The A separate legal entity. It can sue, be
Personality partners are the business. sued, and own property in its own name.
Unlimited personal liability. Partners Limited liability. Shareholders are
Liability are personally responsible for the generally only liable for the amount they
business's debts. invested.
Lacks "perpetual succession." If a Perpetual succession. The company lives
Continuity partner leaves or passes away, the on regardless of changes in ownership or
partnership technically dissolves. directors.
Governed by a Partnership Agreement Governed by a Memorandum of
Governance
and relevant local Partnership Acts. Incorporation (MOI) and Companies Acts.
Capital Limited to the contributions of the High potential; can raise capital by issuing
Growth partners and loans. shares to new investors.
