MRL2601 Assignment 2 (QUALITY ANSWERS) Semester 2 2025

This document contains workings, explanations and solutions to the MRL2601 Assignment 2 (QUALITY ANSWERS) Semester 2 2025. For assistance whats-app us on 0.6.8..8.1.2..0.9.3.4.. Bapela, Babra and Maite decided to establish a close corporation. The close corporation specialises in the renovation of immovable property, offering a range of services that enhance and restore various types of real estate. Recognising the importance of clarity and structure in their professional relationship, Bapela, Babra, and Maite, who are all members of the close corporation, have decided to draft an association agreement, which details specific rules and regulations that govern their respective duties and responsibilities within the corporation. Part of the association agreement is that no member should be able to contract services outside their specialities. Bapela, while acting on behalf of the close corporation, concludes a contract with Tment Pty (Ltd) to sell cars which fall outside the scope of the close corporation. As a result, Bapela’s actions have affected the close corporation’s operations. Discuss whether Bapela has the authority to conclude such a contract, Explain what the principle of corporate social responsibility entails and provide examples of how this principle is reflected in the Companies Act 71 of 2008. With reference to the relevant case law and appropriate sources, explain the legal consequences of a company’s separate legal personality