FBE2604
Assignment 1 Semester 2 – 2023
Unique No:
Question: 1
Sello, Thabelo and David want to start a partnership with the aim of selling Solar
batteries. Sello intends to contribute R25 000.00 on condition that should the
partnership fail, Thabelo and David will reimburse him. Thabelo intends to
contribute his expertise as an electrician. David intends to contribute the use of
his Hilux pickup truck. They come to you for advice on whether a partnership
agreement will be valid based on what each of them wants to contribute. Advise
them fully. (In your advice, define a partnership, deal with each contribution and
conclude.)
Defining partnership
In Pezzutto v Dreyer and others, a partnership was defined as a legal relationship
created by way of a contract between two or more persons, in terms of which each of
Assignment 1 Semester 2 – 2023
Unique No:
Question: 1
Sello, Thabelo and David want to start a partnership with the aim of selling Solar
batteries. Sello intends to contribute R25 000.00 on condition that should the
partnership fail, Thabelo and David will reimburse him. Thabelo intends to
contribute his expertise as an electrician. David intends to contribute the use of
his Hilux pickup truck. They come to you for advice on whether a partnership
agreement will be valid based on what each of them wants to contribute. Advise
them fully. (In your advice, define a partnership, deal with each contribution and
conclude.)
Defining partnership
In Pezzutto v Dreyer and others, a partnership was defined as a legal relationship
created by way of a contract between two or more persons, in terms of which each of
