Mrl 2601 - Study guides, Class notes & Summaries

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Summary MRL2601 - Entrepreneurship law NOTES FINAL 2020/2021

This document contains the answers for assignment 1 for the first semester. It is also inclusive of not only page numbers of the textbook but also the study guide for reference purposes. Here is a chance to get that distinction!!!

Examination questions and answer for MRL 2601 Semester 2. Guaranteed pass.

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QUESTION 1 According to section 165 of the derivative action act, the shareholder are to take the following steps: Demand (notice) to company The shareholder can deliver a notice to a company demanding that it institute legal proceedings or take other steps to protect the company’s legal interests. Company action Within 15 days of the company being served with the demand, the company may move forward and apply to the court to set the demand aside only if the demand is “frivolous, ve...

MRL2601 - Entrepreneurial Law Exam Long questions and answers

In terms of common law, it is impossible for any person to enter into a contract on behalf of a company that does not exist yet. However, there are other alternatives available under common law Jack could consider. They are; (i) Cession and delegation (ii) Nomination (iii) Option (iv) Contract for the benefit of a third party 1.2 Woodinn (Pty) Ltd has two shareholders, Tom and Sue who each hold 50% of the issued share capital. Tom, Sue and Jack are appointed as the company’s directors. ...

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