FBE2604 Assignment 1 (COMPLETE ANSWERS) Semester 2 2026 – DUE 19 August 2026; 100% Correct solutions and explanations.

FBE2604 Assignment 1 (COMPLETE ANSWERS) Semester 2 2026 – DUE 19 August 2026; 100% Correct solutions and explanations. ASSIGNMENT 1 Question: 1 Thabo, Lerato and Aisha form a partnership called TLA Office Supplies to sell office furniture and stationery. They each contribute R30 000 to start the business and agree that profits will be shared equally. Their written partnership agreement provides that only Thabo and Lerato may manage the business, while Aisha is excluded from management. Without informing the other partners, Aisha enters into a contract with Office World (Pty) Ltd to purchase office furniture worth R60 000 for resale in the partnership business. Office World is unaware that Aisha has been excluded from management. The partnership is unable to pay for the furniture due to financial difficulties. A month later, Thabo resigns from the partnership, and the partnership is dissolved. After the partnership assets are sold, an outstanding debt of R25 000 remains to Office