LSB2605 ASSIGNMENT 1
SEMESTER 2 - 2022
DUE DATE: 22 AUGUST 2022
, 1.1 Indicate whether the following statements are TRUE (T) or FALSE (F) and provide a
reason or explanation for your answer:
1.1.1 The purpose of this model (LSB2605) is for you to acquire sound knowledge of and
the requisite skills and competence relating to the protection of your rights in terms of the
Consumer Protection Act 68 of 2008.
FALSE.
The purpose of this model (LSB2605) is for you to acquire sound knowledge of and the
requisite skills and competence relating to the legal aspects of running a small business.
1.1.2 A partnership is not a juristic person.
TRUE.
A partnership is not a juristic person, as it does not have legal personality. The partners are
therefore not seen as separate from the partnership. The partners jointly enter into all
transactions or contracts in their personal capacity.
1
SEMESTER 2 - 2022
DUE DATE: 22 AUGUST 2022
, 1.1 Indicate whether the following statements are TRUE (T) or FALSE (F) and provide a
reason or explanation for your answer:
1.1.1 The purpose of this model (LSB2605) is for you to acquire sound knowledge of and
the requisite skills and competence relating to the protection of your rights in terms of the
Consumer Protection Act 68 of 2008.
FALSE.
The purpose of this model (LSB2605) is for you to acquire sound knowledge of and the
requisite skills and competence relating to the legal aspects of running a small business.
1.1.2 A partnership is not a juristic person.
TRUE.
A partnership is not a juristic person, as it does not have legal personality. The partners are
therefore not seen as separate from the partnership. The partners jointly enter into all
transactions or contracts in their personal capacity.
1
