, LPL4804 Assignment 1 (COMPLETE
ANSWERS) Semester 2 2025 - DUE 18 August
2025
Question 1 — Vesting Clauses
(a) Partnership where at least one of the partners is married in
community of property (4)
Example: Smith & Partners (a partnership consisting of John
Smith, married in community of property to Mary Smith, and
Peter Brown, unmarried)
Vesting clause:
"John Smith, Identity Number 750101 5009 08 7, married in
community of property to Mary Smith, and Peter Brown,
Identity Number 800505 5023 08 4, in their capacities as
partners trading as Smith & Partners."
(b) A person who does not have a valid identity document (3)
Example: Foreign national with passport
Vesting clause:
"Michael Johnson, holder of United States of America
Passport No. X1234567, residing at 45 Green Street, Cape
Town, Western Cape Province."
(c) A trust (3)
ANSWERS) Semester 2 2025 - DUE 18 August
2025
Question 1 — Vesting Clauses
(a) Partnership where at least one of the partners is married in
community of property (4)
Example: Smith & Partners (a partnership consisting of John
Smith, married in community of property to Mary Smith, and
Peter Brown, unmarried)
Vesting clause:
"John Smith, Identity Number 750101 5009 08 7, married in
community of property to Mary Smith, and Peter Brown,
Identity Number 800505 5023 08 4, in their capacities as
partners trading as Smith & Partners."
(b) A person who does not have a valid identity document (3)
Example: Foreign national with passport
Vesting clause:
"Michael Johnson, holder of United States of America
Passport No. X1234567, residing at 45 Green Street, Cape
Town, Western Cape Province."
(c) A trust (3)
