MRL2601 ASSIGNMENT 1
SEMESTER 2 - 2023
UNIQUE NUMBER: 588435
DUE DATE: 10 AUGUST 2023
, ASSIGNMENT 1
UNIQUE NUMBER: 588435
CLOSING DATE: 10 AUGUST 2023
MARKS: 20
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 clients and wishes to institute a legal action to claim her part of the
goodwill.
Explain whether there is a remedy to Susan’s disposal in these circumstances.
(Your answer should not exceed ½ a page)
QUESTION 2
Name (do not discuss) five (5) different reasons for which a partnership can be
terminated.
(Your answer should not exceed one ½ a page)
QUESTION 3
Explain the difference between the two types of trusts are envisaged in the Trust Property
Control Act 57 of 1988.
(Your answer should not exceed one ½ a page
QUESTION 4
Briefly explain what the purpose of the establishment of a trust is and what parties are
involved in a trust.
(Your answer should not exceed ½ a page)
1
SEMESTER 2 - 2023
UNIQUE NUMBER: 588435
DUE DATE: 10 AUGUST 2023
, ASSIGNMENT 1
UNIQUE NUMBER: 588435
CLOSING DATE: 10 AUGUST 2023
MARKS: 20
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 clients and wishes to institute a legal action to claim her part of the
goodwill.
Explain whether there is a remedy to Susan’s disposal in these circumstances.
(Your answer should not exceed ½ a page)
QUESTION 2
Name (do not discuss) five (5) different reasons for which a partnership can be
terminated.
(Your answer should not exceed one ½ a page)
QUESTION 3
Explain the difference between the two types of trusts are envisaged in the Trust Property
Control Act 57 of 1988.
(Your answer should not exceed one ½ a page
QUESTION 4
Briefly explain what the purpose of the establishment of a trust is and what parties are
involved in a trust.
(Your answer should not exceed ½ a page)
1
