MRL2601 Semester 1 2025 Assignment 1

MRL2601 Assignment 1 Full Soltions Semester 1 2025 - DUE March 2025 ;100 % TRUSTED workings, Expert Solved, Explanations and Solutions. For assistance call or W.h.a.t.s.a.p.p us on ...(.+.2.5.4.7.7.9.5.4.0.1.3.2)........... Question 1 1.1 is a shareholder of African Solar (Pty) Ltd. He believes that the board of directors is using company funds for its personal gain. He wants to bring an action on behalf of the company against the directors. Advise Michael briefly of the steps that must be taken to bring a derivative action.. Two partners who are practicing as dentists, Susan and Jane, decide to dissolve their partnership by agreement. The partnership agreement is silent regarding the goodwill of the partnership. Jane continues practicing as a dentist and de facto takes the partnership's clients (valued at R1 million) over for her own benefit. Susan feels it is unfair that Jane has taken over all the clients and wishes to institute legal action to claim her part of the goodwill. Explain whether there is a remedy at Susan's disposal in these circumstances. (5) 1.2 Name (do not discuss) five (5) different reasons for which a partnership can be terminated. (5) Question 2 Puseletso is a member of Pusego CC. Briefly explain to Puseletso who may represent a close corporation in terms of the Close Corporations Act 69 of 1984, and under what circumstances a close corporation would not be bound by a contact concluded by a member on its behalf. Tsepho approaches you for advice on the legal nature of a trust. Briefly explain to Tsepho the legal nature of a trust. (5) 2.2 Tsepho has decided to create a trust. Briefly explain to Tsepho the legal position of a founder in a trust.