MRL2601 ENTREPRENEURIAL LAW (MRL2601)

MRL2601 Assignment 1 (ANSWERS) Semester 2 2023 () - GUARANTEED DISTINCTION Good grades 2023. 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 c...

MRL 2601- ENTREPRENEURIAL LAW LEARNING UNIT 1+QUESTIONS AND+ACTIVITIES +ANSWERS COMBINED 100% PASS GUARANTEED. Learning unit 1: Legal personality and lifting of the veil • When does a company acquire legal personality? Once a company is incorporated and a certificate of incorporation is issued, • With reference to case law explain the meaning and effects of separate legal personality Salomon v Salomon & Co Ltd: • The estate of the company is assessed apart from the estates of ind...

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MRL2601 2023 Semester 2 Assignment 2. 100% TRUSTED Answers, guidelines, workings and references. QUESTION 1 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) QUESTION 2 The board of directors of Mongalo Estates (Pty) Ltd is contemplating selling 80 per cent of the company’s assets to Hinrich Schupple, a German businessman. Indicate what right the shareholde...

Mrl2601 notes. 100% TRUSTED Answers, guidelines, workings and references.Study unit 1: Legal personality and lifting of the veil Once a company is incorporated, it is a separate legal entity distinct from its members. It can enter into contracts in its own name and sue and be sued. Its members are not liable for its debts and enjoy limited liability. Separate legal personality: Salomon v Salomon & Co Ltd: • The estate of the company is assessed apart from the estates of the individual ...

MRL2601 Assignment 1 (ANSWERS) Semester 2 2023 () - GUARANTEED DISTINCTION Good grades 2023. 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 c...

MRL2601 SUMMARY NOTES . Principle – Company is a separate legal entity Forms of enterprises – 1. Sole proprietorship – capital on one person invested 2. partnership – 2 or more pool capital and abilities 3. CC – legal personality 4. Company – Legal personality 5. business trust The registration of a company or CC allows the body with separate legal personality with its own rights and liabilities The risk extends only to the loss of amount they contributed as capital CC an...

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