LML4806 SEMESTER 2 ASSIGNMENT 1 MEMO 2024
Jane, John and Jabulani are the directors of Touring Africa by Bicycle (Pty) Ltd (“the company”), a company that is based in Johannesburg. The memorandum of incorporation of the company provides that only the board of directors have the authority to enter into contracts on behalf of the company. James, the branch manager of the company in Durban, attends an outdoor show in Durban to scout for useful new products for the company’s cycling excursions. At the outdoor show one of the exhibitors, Cycle for Life (Pty) Ltd, has a limited special offer on electric bicycles for the amount of R120 000.00 per bicycle.
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lml4806 assignment 1 semester 2 memo