(ANSWERS) Semester 2 2023 -
GUARANTEED DISTINCTION
, Good grades
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2 answers provided
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.)