[TYPE THE COMPANY NAME]
MRL2601 Assignment 1
Semester 2 | Due 13 August
2025 complete answers
NO PLAGIARISM
[Pick the date]
[Type the abstract of the document here. The abstract is typically a short summary of the contents of
the document. Type the abstract of the document here. The abstract is typically a short summary of
the contents of the document.]
, Exam (elaborations)
MRL2601 Assignment 1 Semester 2 | Due
13 August 2025
Course
Entrepreneurial Law (MRL2601)
Institution
University Of South Africa (Unisa)
Book
New Entrepreneurial Law]
Question 1 Themba, Ndumi and Freddy 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, Ndumi and Freddy will reimburse
him. Ndumi intends to contribute his expertise as an electrician. Freddy
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.) (10
To: Themba, Ndumi, and Freddy
RE: VALIDITY OF YOUR PROPOSED PARTNERSHIP AGREEMENT
Dear Themba, Ndumi, and Freddy,
You have approached me for advice on the validity of your proposed partnership agreement to
sell solar batteries. You have outlined the contributions each of you intends to make: Sello's
conditional R25,000.00, Ndumi's expertise, and Freddy's Hilux pickup truck.
Below is a full breakdown of the legal requirements for a valid partnership and an analysis of
each of your intended contributions.
1. What is a Partnership?
A partnership is a legal relationship that exists between two or more people. For a partnership to
be valid under South African law, the following four essential elements must be present:
1. Each partner must contribute something to the partnership: This contribution can be
money, property, labor, skill, or expertise. It must be something of value.
2. The partnership must be carried on for the joint benefit of the partners: The
business must be for the mutual advantage of all partners.
3. The object of the partnership must be to make a profit: Partnerships are, by their
nature, commercial ventures. The primary goal must be to generate a profit.
MRL2601 Assignment 1
Semester 2 | Due 13 August
2025 complete answers
NO PLAGIARISM
[Pick the date]
[Type the abstract of the document here. The abstract is typically a short summary of the contents of
the document. Type the abstract of the document here. The abstract is typically a short summary of
the contents of the document.]
, Exam (elaborations)
MRL2601 Assignment 1 Semester 2 | Due
13 August 2025
Course
Entrepreneurial Law (MRL2601)
Institution
University Of South Africa (Unisa)
Book
New Entrepreneurial Law]
Question 1 Themba, Ndumi and Freddy 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, Ndumi and Freddy will reimburse
him. Ndumi intends to contribute his expertise as an electrician. Freddy
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.) (10
To: Themba, Ndumi, and Freddy
RE: VALIDITY OF YOUR PROPOSED PARTNERSHIP AGREEMENT
Dear Themba, Ndumi, and Freddy,
You have approached me for advice on the validity of your proposed partnership agreement to
sell solar batteries. You have outlined the contributions each of you intends to make: Sello's
conditional R25,000.00, Ndumi's expertise, and Freddy's Hilux pickup truck.
Below is a full breakdown of the legal requirements for a valid partnership and an analysis of
each of your intended contributions.
1. What is a Partnership?
A partnership is a legal relationship that exists between two or more people. For a partnership to
be valid under South African law, the following four essential elements must be present:
1. Each partner must contribute something to the partnership: This contribution can be
money, property, labor, skill, or expertise. It must be something of value.
2. The partnership must be carried on for the joint benefit of the partners: The
business must be for the mutual advantage of all partners.
3. The object of the partnership must be to make a profit: Partnerships are, by their
nature, commercial ventures. The primary goal must be to generate a profit.
