Companies and Other Business Structures in South Africa
LML4806 ASSIGNMENT 2 MEMO - SEMESTER 1 - 2024 UNISA – DUE DATE: - 15 APRIL 2024 (DETAILED ANSWERS WITH FOOTNOTES AND A BIBLIOGRAPHY - DISTINCTION GUARANTEED!)
Question: 1
Coffee Bean Lovers (Pty) Ltd (‘the company’) buys coffee from Kenya and
distributes it to different coffee shops in...
LML4806 PORTFOLIO MEMO - SEMESTER 2 - 2024 - OCTOBER/NOVEMBER - UNISA - DUE DATE :- 24 OCTOBER 2024 (FULLY REFERENCED! DISTINCTION GUARANTEED!)
LML4806 ASSIGNMENT 1 MEMO - SEMESTER 2 - 2024 - UNISA - DUE : 20 AUGUST 2024 - UNIQUE NUMBER:- 590226 ( FULLY REFERENCED WITH FOOTNOTES- DISTINCTION GUARANTEED)
FBE2604 ASSIGNMENT 2 SEMESTER 2 - 2024
All for this textbook (17)
Written for
University of South Africa (Unisa)
Company Law
All documents for this subject (61)
1
review
By: valenciaxoliswashangase • 8 months ago
Seller
Follow
LLBExampacksAndTutorials
Reviews received
Content preview
Tutors you can trust. Voted “BEST
SELLING” memos for the year 2022/2023.
LML4806
COMPANY LAW
ASSIGNMENT 2 MEMO
SEMESTER 1 – 2024 - UNISA
UNIQUE NUMBER: - 590092
DUE DATE: - 15 APRIL 2024
Includes Footnotes and/or Bibliography.
ASSIGNMENT PREVIEW
Coffee Bean Lovers (Pty) Ltd (‘the company’) buys coffee from Kenya and distributes it to
different coffee shops in South Africa. Due to an infestation of bugs at one of the coffee
plantations, the company will not be able to get deliveries of coffee from Kenya for the
next three months. Instead, the company will have to import coffee from Uganda at a much
higher cost. As a result, the company’s cash flow will be affected severely. Pat, one of the
directors of Coffee Bean Lovers (Pty) Ltd, has informed Jane and Steven, two of the
employees of the company, that the company may face serious financial difficulties in the
next three to twelve months and that they will not be paid their salaries for the next two
months as the company will first have to pay other creditors. Jane and Steven have heard
about business rescue and are of the view that business rescue proceedings may be
appropriate in the circumstances to assist the company to survive and to ensure that they
will still be paid their salaries. Jane and Steven approach you for advice on business
rescue proceedings.…continues…
Disclaimer
Extreme care has been used by our Tutors to draft this document, however the contents are provided “as is” without any representations
or warranties, express or implied. This document is to be used for comparison, research and reference purposes ONLY. No part of this
document may be reproduced, resold or transmitted in any form or by any means without prior written permission from the Author. –
LLB EXAMPACKS & TUTORIALS.
Coffee Bean Lovers (Pty) Ltd (‘the company’) buys coffee from Kenya and
distributes it to different coffee shops in South Africa. Due to an infestation of bugs
at one of the coffee plantations, the company will not be able to get deliveries of
coffee from Kenya for the next three months. Instead, the company will have to
import coffee from Uganda at a much higher cost. As a result, the company’s cash
flow will be affected severely. Pat, one of the directors of Coffee Bean Lovers (Pty)
Ltd, has informed Jane and Steven, two of the employees of the company, that the
company may face serious financial difficulties in the next three to twelve months
and that they will not be paid their salaries for the next two months as the company
will first have to pay other creditors. Jane and Steven have heard about business
rescue and are of the view that business rescue proceedings may be appropriate
in the circumstances to assist the company to survive and to ensure that they will
still be paid their salaries. Jane and Steven approach you for advice on business
rescue proceedings. With reference to the relevant statutory provisions:
1.1
Explain what business rescue is and indicate the circumstances in which business
rescue proceedings may be used. (5)
1.2
Advise Jane and Steven how business rescue proceedings may be commenced
and indicate whether Jane and Steven, in their capacity as employees, would have
any means of ensuring that the business rescue proceedings are commenced. (5)
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LLBExampacksAndTutorials. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.78. You're not tied to anything after your purchase.
