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MRL2601 Assignment 1 (COMPLETE ANSWERS) Semester 1 2025 - DUE March 2025

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MRL2601 Assignment 1 (COMPLETE ANSWERS) Semester 1 2025 - DUE March 2025; 100% TRUSTED Complete, trusted solutions and explanations. For assistance, Whats-App 0.6.7-1.7.1-1.7.3.9. Ensure your success with us... Question 1 1.1 is a shareholder of African Solar (Pty) Ltd. He believes that the board of directors is using company funds for its personal gain. He wants to bring an action on behalf of the company against the directors. Advise Michael briefly of the steps that must be taken to bring a derivative action.. Two partners who are practicing as dentists, Susan and Jane, decide to dissolve their partnership by agreement. PVL2601 The partnership agreement is silent regarding the goodwill of the partnership. Jane continues practicing as a dentist and de facto takes the partnership's clients (valued at R1 million) over for her own benefit. Susan feels it is unfair that Jane has taken over all the clients and wishes to institute legal action to claim her part of the goodwill. ADL2601 Explain whether there is a remedy at Susan's disposal in these circumstances. (5) 1.2 Name (do not discuss) five (5) different reasons for which a partnership can be terminated. (5) Question 2 Puseletso is a member of Pusego CC. Briefly explain to Puseletso who may represent a close corporation in terms of the Close Corporations Act 69 of 1984, and under what circumstances a close corporation would not be bound by a contact concluded by a member on its behalf. Tsepho approaches you for advice on the legal nature of a trust. Briefly explain to Tsepho the legal nature of a trust. (5) 2.2 Tsepho has decided to create a trust. Briefly explain to Tsepho the legal position of a founder in a trust.

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MRL2601
Assignment 1 Semester 1 2025
Detailed Solutions, References & Explanations

Unique number:

Due Date: March2025



QUESTION 1

1.1.

There are two specific actions with which a partner can enforce his or her rights as a partner
against any of his or her co-partners: the actio pro socio and the actio communi dividundo:
The actio pro socio is a general multipurpose partnership action with which partners can
enforce their mutual rights. It can be used, for example, to enforce compliance with the
partnership agreement, to request an interdict against a partner, to obtain the return of a
partnership asset.



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