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MRL2601
Entrepreneurial Law
Assignment 1 MEMO
Semester 1 2022
Unique number: -820676. DUE: 01 APRIL 2022
Includes Footnotes and/or Bibliography
DOCUMENT PREVIEW
ASSIGNMENT 01
UNIQUE NUMBER: 820676
DUE DATE: 01 APRIL 2022 ( EXTENDED )
QUESTION 1
Identify and briefly describe the distinguishing features of the different types of partnerships that are recognised
in South African law. (Your answer should not exceed one (1) page)
(5)
QUESTION 2
John, William and Peter are partners in a business that sells soft drinks. In terms of their partnership agreement,
only John may contract with outsiders on behalf of the partnership. Should he wish to enter into an agreement
where the value exceeds R10 000, he must obtain the prior consent of William and Peter. John buys a speedboat
in the name of the partnership for R80 000 without the knowledge of his partners. William concludes a contract
on behalf of the partnership for the purchase of a fridge to store the soft drinks, without the knowledge of his
partners. The purchase price of the fridge is R20 000.
Explain whether the contracts concluded by John and William respectively would be binding. (Your answer
should not exceed two (2) pages) (10)
Disclaimer
Extreme care has been used by our Tutors to draft this document, however the contents are provided “as is” without any
representations or warranties, express or implied. This document is to be used for comparison, research and reference
purposes ONLY. No part of this document may be reproduced, resold or transmitted in any form or by any means without
prior written permission from the Author. – LLB EXAMPACKS & TUTORIALS.
PAST PAPERS & MEMOS, ASSIGNMENT MEMOS, NOTES, SUMMARIES & TUITONS.
Cell: 084 591 8661 Email:
Fax: 086 096 5452 www.llbexampacksandtutorials.co.za
A
SELLING” memos for the year 2021.
+
MRL2601
Entrepreneurial Law
Assignment 1 MEMO
Semester 1 2022
Unique number: -820676. DUE: 01 APRIL 2022
Includes Footnotes and/or Bibliography
DOCUMENT PREVIEW
ASSIGNMENT 01
UNIQUE NUMBER: 820676
DUE DATE: 01 APRIL 2022 ( EXTENDED )
QUESTION 1
Identify and briefly describe the distinguishing features of the different types of partnerships that are recognised
in South African law. (Your answer should not exceed one (1) page)
(5)
QUESTION 2
John, William and Peter are partners in a business that sells soft drinks. In terms of their partnership agreement,
only John may contract with outsiders on behalf of the partnership. Should he wish to enter into an agreement
where the value exceeds R10 000, he must obtain the prior consent of William and Peter. John buys a speedboat
in the name of the partnership for R80 000 without the knowledge of his partners. William concludes a contract
on behalf of the partnership for the purchase of a fridge to store the soft drinks, without the knowledge of his
partners. The purchase price of the fridge is R20 000.
Explain whether the contracts concluded by John and William respectively would be binding. (Your answer
should not exceed two (2) pages) (10)
Disclaimer
Extreme care has been used by our Tutors to draft this document, however the contents are provided “as is” without any
representations or warranties, express or implied. This document is to be used for comparison, research and reference
purposes ONLY. No part of this document may be reproduced, resold or transmitted in any form or by any means without
prior written permission from the Author. – LLB EXAMPACKS & TUTORIALS.
PAST PAPERS & MEMOS, ASSIGNMENT MEMOS, NOTES, SUMMARIES & TUITONS.
Cell: 084 591 8661 Email:
Fax: 086 096 5452 www.llbexampacksandtutorials.co.za
