LML4806 Assignment 2 (COMPLETE ANSWERS) Semester 1 2026 - DUE 2026;100% trusted ,comprehensive and complete reliable solution with clear explanation.

LML4806 Assignment 2 (COMPLETE ANSWERS) Semester 1 2026 - DUE 2026;100% trusted ,comprehensive and complete reliable solution with clear explanation. Company Law LML4806 Semester 1 Assignment 2 - 2026 Mercantile Law Department CONTENTS Page 1 GENERAL INSTRUCTIONS 3 2 ASSIGNMENT 2 3 Question: 1 3 Question: 2 4 2 1 GENERAL INSTRUCTIONS • Assignments test your understanding of the learning material and your ability to apply what you have learnt. Two written assignments are set for this module i.e., Assignment 1 and Assignment 2. Answering these questions gives you practice in answering the type of questions that you may expect in the examination. • The marks you obtain for Assignment 1 and Assignment 2 make up your year mark. • You should answer all questions under each assignment. Your answer to each assignment should generally not exceed two and a half pages if it is typed (excluding the bibliography). • You should reference your sources in your answers. You may reference the sources as you wish (e.g., in-text or in the footnotes) but it is preferable that you reference your sources within the text of your answers. It is not mandatory to include a bibliography if you have clearly referenced your sources within the text of your answers or in the footnotes. In such a case, you may include a bibliography at the end of your assignment voluntarily. However, you should remember to include your Honesty Declaration Form. • Refer to Paragraph 9 of your Tutorial Letter 101 for the general information about assessment. • Also refer to Paragraph 10 of your Tutorial Letter 101 for important information regarding academic dishonesty (plagiarism and cheating). • You should study and refer to the prescribed study material when answering your assignments. You should not use Artificial Intelligence Software (e.g., ChatGPT) to give you answers to the assignment questions as this will prevent you from achieving the learning objectives as well as attaining all the skills and values needed in legal practice. Artificial Intelligence Software can give you inaccurate answers that are not aligned to the prescribed study material. The University can easily identify the answers obtained from Artificial Intelligence Software and the markers will award a zero mark for such answers. Furthermore, students who engage in academic dishonesty may be referred to a disciplinary hearing. 2 ASSIGNMENT 2 Question: 1 Mahamba Logistics Ltd and Buffalo Haulage Ltd have concluded an agreement in terms of which Mahamba Logistics Ltd will acquire and hold all the assets and liabilities of Buffalo Haulage Ltd for R300 million (the ‘Transaction’). The material terms of the Transaction include that Mahamba Logistics Ltd will pay the shareholders of Buffalo Haulage Ltd a cash consideration of R10.00 for each Buffalo Haulage Ltd share held and that, pursuant to the implementation of the Transaction, Buffalo Haulage Ltd will be deregistered. At a shareholders’ meeting to consider the Transaction, 84% of the shareholders of Buffalo Haulage Ltd approved the Transaction proposed by the board. However, certain shareholders who hold 16% of the general voting rights in Buffalo Haulage Ltd, voted against the