PROPERTY OF
STUDY ORBIT
MRL2601
ASSIGNMENT 1 (ANSWERS) SEMESTER 2
DUE DATE: August 2025
Written Assignment Submission Guidelines:
Please ensure that your assignment is submitted electronically through the myUnisa platform no
later than August 2025. Kindly note that fax or email submissions will not be accepted.
NB: Assignment submitted to the lecturer(s) through email will not be considered.
QUESTION 1
Advice on Validity of Proposed Partnership Agreement
A partnership is defined as an agreement between two or more persons to carry on a business in
common with the object of making a profit (See Butters v Mncora 2012 (4) SA 1 (SCA)). For a
partnership to be valid, it must satisfy four essential requirements:
1. Each party must bring something into the partnership, whether money, goods, or labour.
2. The business must be carried on for the joint benefit of all partners.
3. The object must be to make a profit.
4. The agreement must be lawful.
Contributions of each (Analysis):
➢ Sello: He intends to contribute R25 000 on condition that if the partnership fails, Ndumi and
Freddy will reimburse him. This condition implies that Sello is not intending to take the normal
Disclaimer:
All materials are for study assistance only. We do not condone academic dishonesty. Use at your own risk.
We are not liable for any consequences arising from misuse.
Redistribution, resale, or sharing without permission is prohibited.
STUDY ORBIT
MRL2601
ASSIGNMENT 1 (ANSWERS) SEMESTER 2
DUE DATE: August 2025
Written Assignment Submission Guidelines:
Please ensure that your assignment is submitted electronically through the myUnisa platform no
later than August 2025. Kindly note that fax or email submissions will not be accepted.
NB: Assignment submitted to the lecturer(s) through email will not be considered.
QUESTION 1
Advice on Validity of Proposed Partnership Agreement
A partnership is defined as an agreement between two or more persons to carry on a business in
common with the object of making a profit (See Butters v Mncora 2012 (4) SA 1 (SCA)). For a
partnership to be valid, it must satisfy four essential requirements:
1. Each party must bring something into the partnership, whether money, goods, or labour.
2. The business must be carried on for the joint benefit of all partners.
3. The object must be to make a profit.
4. The agreement must be lawful.
Contributions of each (Analysis):
➢ Sello: He intends to contribute R25 000 on condition that if the partnership fails, Ndumi and
Freddy will reimburse him. This condition implies that Sello is not intending to take the normal
Disclaimer:
All materials are for study assistance only. We do not condone academic dishonesty. Use at your own risk.
We are not liable for any consequences arising from misuse.
Redistribution, resale, or sharing without permission is prohibited.
