MRL2601 Assignment 1
(COMPLETE
ANSWERS) Semester 1
2025 - DUE March 2025
, MRL2601 Assignment 1 (FULL RESPONSES) Semester 1 2025 - DUE March 2025;
100% RELIABLE Comprehensive, reliable answers and detailed explanations.
Question 1 1.1 holds shares in African Solar (Pty) Ltd. He thinks that the board of
directors is utilizing company resources for their own benefit. He intends to initiate a
lawsuit on the company's behalf against the directors. Inform Michael succinctly
about the necessary steps to initiate a derivative action. Two dentists, Susan and
Jane, who are partners, choose to end their partnership through mutual agreement.
The partnership agreement does not address the goodwill of the partnership. Jane
persists in her work as a dentist and effectively assumes the partnership's clients
(worth R1 million) for her personal gain. Susan thinks it is unjust that Jane has taken
Identifyof(without
control elaborating)
all the clients five (5)
and wants distinct legal
to pursue grounds for to
action which a partnership
reclaim her share may
of thebe
goodwill. Clarify if there is a solution available to Susan in this situation. (5) 1.2
dissolved. Sure! Please provide the text you'd like me to paraphrase.
Question 1.1: Susan's Derivative Action & Remedy
Derivative Handlung:
A derivative action is a lawsuit initiated by a shareholder for the benefit of the company
to uphold a right that the company has neglected to enforce. In this instance,
Michael seeks to take legal action against the board of directors of African Solar
(Pty) Ltd.
In order to initiate a derivative action, Michael needs to adhere to these procedures:
Secure Court Approval: Michael needs to submit a request to the court for authorization
to initiate the action. The court will evaluate if the lawsuit serves the company's best
interests, whether there's a prima facie case, and if the directors' behavior justifies
the lawsuit.
Michael is required to inform the company of his intention to initiate a derivative action.
This enables the company to act independently to address the problem.
(COMPLETE
ANSWERS) Semester 1
2025 - DUE March 2025
, MRL2601 Assignment 1 (FULL RESPONSES) Semester 1 2025 - DUE March 2025;
100% RELIABLE Comprehensive, reliable answers and detailed explanations.
Question 1 1.1 holds shares in African Solar (Pty) Ltd. He thinks that the board of
directors is utilizing company resources for their own benefit. He intends to initiate a
lawsuit on the company's behalf against the directors. Inform Michael succinctly
about the necessary steps to initiate a derivative action. Two dentists, Susan and
Jane, who are partners, choose to end their partnership through mutual agreement.
The partnership agreement does not address the goodwill of the partnership. Jane
persists in her work as a dentist and effectively assumes the partnership's clients
(worth R1 million) for her personal gain. Susan thinks it is unjust that Jane has taken
Identifyof(without
control elaborating)
all the clients five (5)
and wants distinct legal
to pursue grounds for to
action which a partnership
reclaim her share may
of thebe
goodwill. Clarify if there is a solution available to Susan in this situation. (5) 1.2
dissolved. Sure! Please provide the text you'd like me to paraphrase.
Question 1.1: Susan's Derivative Action & Remedy
Derivative Handlung:
A derivative action is a lawsuit initiated by a shareholder for the benefit of the company
to uphold a right that the company has neglected to enforce. In this instance,
Michael seeks to take legal action against the board of directors of African Solar
(Pty) Ltd.
In order to initiate a derivative action, Michael needs to adhere to these procedures:
Secure Court Approval: Michael needs to submit a request to the court for authorization
to initiate the action. The court will evaluate if the lawsuit serves the company's best
interests, whether there's a prima facie case, and if the directors' behavior justifies
the lawsuit.
Michael is required to inform the company of his intention to initiate a derivative action.
This enables the company to act independently to address the problem.
