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MRL2601 Assignment 1 (ANSWERS) Semester 1 2024 (399703) - DISTINCTION GUARANTEED

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Well-structured MRL2601 Assignment 1 (ANSWERS) Semester 1 2024 (399703) - DISTINCTION GUARANTEED . (DETAILED ANSWERS - DISTINCTION GUARANTEED!). QUESTION 1 Nandi and Patricia want to start a catering business together called It-out (Ply) Ltd. Briefly explain the steps which they would need to lake In order to incorporate a company. (5) QUESTION 2 The board of directors of Mongalo Estates (Ply) Ltd Is contemplating selling 80 per cent of the company's assets to Hinrich Schupple. a German businessman. Indicate what right the shareholders have who do not agree with the proposed sale. and what process they must follow (5) QUESTION 3 Briefly explain how the court assessed what the respective remedies aim to achieve. and which remedy would be more appropriate to apply when both sections 36 and 49 of the Close Corporations Act 69 of 1984 could be used in the decision of Fent v GxothAve and Another 2014 (1) SA 5 (ECG). (5) QUESTION 4 Good Food CC's main business is catering. The corporation has five members: Anthea. Bert-Filandro. Carol, Daniel and Elvis. Each member holds a 20 percent member's interest. The association agreement determines that only Daniel is authorised to represent the dose corporation. Anthea enters into a contract for the purchase of a racehorse on behalf of the dose corporation with Bert-Filandro. Explain whether the dose corporation is bound to the transaction (5)

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MRL2601
Assignment 1 Semester 1 2024
Unique Number: 399703
Due Date: 15 March 2024

QUESTION 1 (3 ANSWERS PROVIDED)


In Pezzutto v Dreyer and others 1992 (3) SA 397 (A), 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 the partners agrees to make some contribution to the partnership
business, which is carried on for the joint benefit of the parties with the object of making
a profit.. In this case, Sello, Thabelo, and David want to form a partnership to sell solar
batteries.


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