100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached 4.2 TrustPilot
logo-home
Exam (elaborations)

FBE2604 Assignment 2 (COMPLETE ANSWERS) Semester 2 2025 - DUE September 2025

Rating
-
Sold
-
Pages
6
Grade
A+
Uploaded on
10-08-2025
Written in
2025/2026

FBE2604 Assignment 2 (COMPLETE ANSWERS) Semester 2 2025 - DUE September 2025; 100% TRUSTED Complete, trusted solutions and explanations. For assistance, Whats-App 0.6.7-1.7.1-1.7.3.9. Ensure your success with us.... QUESTION 1 Indicate what type of company Wooden Tile (Pty) Ltd is. Also identify the other categories of companies that are provided for in the Companies Act 71 of 2008. The board of directors of Tando Estates (Pty) Ltd is contemplating selling 80 per cent of the company’s assets to Brian, a Johannesburg businessman. Indicate what right the shareholders have who do not agree with the proposed sale, and briefly set out the process that they must follow. Zipper (Pty) Ltd does not have a company secretary. Explain whether or not it is necessary to appoint a company secretary. Also list three duties of a company secretary. (5) Senzo, Paul, Salim and Renster are employees of Haze Ltd. Haze Ltd makes loans to Senzo, Salim and Mariam (an existing member) to enable them to subscribe to shares of the company. Sam wants to incorporate a business entity. He is uncertain whether he should incorporate a partnership or a company. 1.1 Briefly explain the differences between a partnership and a company to him. (10) 1.2 Suppose Sam decides to form a partnership. Indicate to him what the essentialia of a partnership entails. (5Explain the requirements that must be adhered to in terms of the Companies Act 71 2008 to validly provide financial assistance? The board of directors of Tando Estates (Pty) Ltd is contemplating selling 80 per cent of the company’s assets to Brian, a Johannesburg businessman. Indicate what right the shareholders have who do not agree with the proposed sale, and briefly set out the process that they must follow. Nandi and Patricia want to start a catering business together called It-out (Pty) Ltd. Briefly explain the steps which they would need to take in order to incorporate a company. (5) Suppose Sam decides to form a partnership. Indicate to him what the essentialia of a partnership entails. QUESTION 2 Briefly explain the advantages of a business trust to Zwane The main object of ABC (Pty) Ltd is manufacturing of furniture. Its Memorandum of Incorporation provides that the board of directors may appoint a managing director who will be authorised to enter into contracts on behalf of the company. However, should the contract exceed the amount of R150 000, prior consent of the general meeting is required. Godfried, the current managing director of ABC (Pty) Ltd, buys a beach house for R350 000 from Bonang on behalf of ABC (Pty) Ltd. Explain whether or not ABC (Pty) Ltd can raise the restrictions to its capacity as contained in its Memorandum of Incorporation as grounds to avoid being bound to the contract. Sam wants to incorporate a business entity. He is uncertain whether he should incorporate a partnership or a company. 1.1 Tshepo has been a beneficiary of a business trust for three years but now wishes to dispose of his interest in the trust by selling it to Zwane. The trust deed is silent on Zwane’s right in this regard. Advise Zwane on the legality of Tshepho’s intended action to dispose the interest. Briefly explain the differences between a partnership and a company to him. Tshepo has been a beneficiary of a business trust for three years but now wishes to dispose of his interest in the trust by selling it to Zwane. The trust deed is silent on Zwane’s right in this regard. Advise Zwane on the legality of Tshepho’s intended action to dispose the interest Indicate what type of company Wooden Tile (Pty) Ltd is. Also identify the other categories of companies that are provided for in the Companies Act 71 of 2008. The board of directors of Tando Estates (Pty) Ltd is contemplating selling 80 per cent of the company’s assets to Brian, a Johannesburg businessman. Indicate what right the shareholders have who do not agree with the proposed sale, and briefly set out the process that they must follow. Briefly explain the advantages of a business trust to Zwane

Show more Read less
Institution
Course








Whoops! We can’t load your doc right now. Try again or contact support.

Connected book

Written for

Institution
Course

Document information

Uploaded on
August 10, 2025
Number of pages
6
Written in
2025/2026
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

Content preview

FBE2604
Assignment 2 Semester 2 2025
Unique Number:

Due Date: September 2025
QUESTION 1



1.1.




If the trust deed is silent on whether a beneficiary may dispose of his or her interest, the
common law position applies. Under South African trust law, unless there is an explicit
prohibition in the trust deed, a beneficiary is free to cede or transfer their rights in the trust to
another party. These rights can include vested rights (already accrued benefits) or
discretionary rights (potential future benefits) as long as the transfer does not conflict with
the trust’s terms or its purpose.




Terms of use
By making use of this document you agree to:
 Use this document as a guide for learning, comparison and reference purpose,
Terms of use
 Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
By making use of this document you agree to:
 Use this document
Fully accept the consequences
solely as a guide forshould you plagiarise
learning, reference,or and
misuse this document.
comparison purposes,
 Ensure originality of your own work, and fully accept the consequences should you plagiarise or misuse this document.
 Comply with all relevant standards, guidelines, regulations, and legislation governing academic and written work.

Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is" without any express or
implied representations or warranties. The author accepts no responsibility or liability for any actions taken based on the
information contained within this document. This document is intended solely for comparison, research, and reference purposes.
Reproduction, resale, or transmission of any part of this document, in any form or by any means, is strictly prohibited.

Get to know the seller

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
EduPal University of South Africa (Unisa)
Follow You need to be logged in order to follow users or courses
Sold
149173
Member since
7 year
Number of followers
35995
Documents
4329
Last sold
3 hours ago

4.2

13559 reviews

5
7806
4
2688
3
1791
2
455
1
819

Recently viewed by you

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Frequently asked questions