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MRL2601 Assignment 1 Semester 2 2024 (867833) - DUE 27 August 2024
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MRL2601 Assignment 1 Semester 2 2024 (867833) - DUE 27 August 2024 QUESTIONS WITH ANSWERS
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MRL2601 Assignment1 Semester 2 2024
(867833) - DUE 27
August 2024
QUESTIONS WITH CONPLETE ANSWERS
[School]
[Course title]
, MRL2601 Assignment 1 Semester 2 2024 (867833) - DUE 27 August
2024
QUESTION 1
Explain, with reference to relevant prescribed case law for this module, how
the court determines whether a specific business is a partnership. (10)
QUESTION 2
Explain the difference between the two types of trusts envisaged in the
Trust Property Control Act 57 of 1988. (5)
QUESTION 3
Briefly explain what the purpose of the establishment of a trust is and what
parties are involved in a trust.
### MRL2601 Assignment 1 - Semester 2 2024
#### QUESTION 1: Determining a Partnership
To determine whether a specific business is a partnership, South African
courts refer to several key criteria established through case law. The
following elements are essential in this determination:
1. **Contribution**: Each partner must contribute something to the
partnership, whether it be money, property, or effort. This contribution
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