MRL2601 ASSIGNMENT 1 MEMO - SEMESTER 1 2022 - UNISA
UNIQUENUMBER:
DUE DATE: 01APRIL 2022 ( EXTENDED )
QUESTION 1
Identify and briefly describe the distinguishing features of the different types of partnerships that are recognised in South African law. (Your answer should not exceed one ...
Identify and briefly describe the distinguishing features of the different types of partnerships that are recognised
in South African law. (Your answer should not exceed one (1) page)
(5)
QUESTION 2
John, William and Peter are partners in a business that sells soft drinks. In terms of their partnership agreement,
only John may contract with outsiders on behalf of the partnership. Should he wish to enter into an agreement
where the value exceeds R10 000, he must obtain the prior consent of William and Peter. John buys a speedboat
in the name of the partnership for R80 000 without the knowledge of his partners. William concludes a contract
on behalf of the partnership for the purchase of a fridge to store the soft drinks, without the knowledge of his
partners. The purchase price of the fridge is R20 000.
Explain whether the contracts concluded by John and William respectively would be binding. (Your answer
should not exceed two (2) pages) (10)
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