MRL2601 Assignment 1 (ANSWERS) Semester 2 2023 (588435)

MRL2601 Assignment 1 (ANSWERS) Semester 2 2023 () - DISTINCTION GUARANTEED 100% TRUSTED workings, explanations and solutions. For assistance call or us on . QUESTION 1 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 of the clients and wishes to institute a legal action to claim her part of the goodwill. Explain whether there is a remedy to Susan’s disposal in these circumstances. (Your answer should not exceed ½ a page) (5) QUESTION 2 Name (do not discuss) five (5) different reasons for which a partnership can be terminated. (Your answer should not exceed one ½ a page) (5) QUESTION 3 Explain the difference between the two types of trusts are envisaged in the Trust Property Control Act 57 of 1988. (Your answer should not exceed one ½ a page) (5) QUESTION 4 Briefly explain what the purpose of the establishment of a trust is and what parties are involved in a trust. (Your answer should not exceed ½ a page) (5