MRL2601 ASSIGNMENT 1 SEMESTER 2 - 2023
UNIQUE NUMBER:
CLOSING DATE: 10 AUGUST 2023
QUESTION 1
Two partners who are practicing as dentists, Susan and Jane, decide to dissolve their partnership by agreement. The partnership agreement is silent regarding the goodwill of the partnership. ...
Two partners who are practicing as dentists, Susan and Jane, decide to dissolve their
partnership by agreement. The partnership agreement is silent regarding the goodwill of
the partnership. Jane continues practicing as a dentist and de facto takes the partnership’s
clients (valued at R1 million) over for her own benefit. Susan feels it is unfair that Jane has
taken over all of the clients and wishes to institute a legal action to claim her part of the
goodwill.
Explain whether there is a remedy to Susan’s disposal in these circumstances.
(Your answer should not exceed ½ a page)
QUESTION 2
Name (do not discuss) five (5) different reasons for which a partnership can be
terminated.
(Your answer should not exceed one ½ a page)
QUESTION 3
Explain the difference between the two types of trusts are envisaged in the Trust Property
Control Act 57 of 1988.
(Your answer should not exceed one ½ a page
QUESTION 4
Briefly explain what the purpose of the establishment of a trust is and what parties are
involved in a trust.
(Your answer should not exceed ½ a page)
1
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 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 Masters. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £2.26. You're not tied to anything after your purchase.