Exam (elaborations)
MRL2601 ASSIGNMENT 1 SOLUTIONS SEMESTER 1 2023.PASS GUARANTEED.
- Institution
- University Of South Africa (Unisa)
MRL2601 ASSIGNMENT 1 SOLUTIONS SEMESTER 1 2023. PASS GUARANTEED.
[Show more]
Content preview
MRL2601(ENTREPRENEURIALLAW) ASSIGNMENT 1
SOLUTIONS SEMESTER 1, 2023
, QUESTION 1
Types of partnership
(i) Universal and particular partnerships. There are 2 types of universal
partnerships: the societas universorum bonorum and the societas
universorum quae ex quastu veniunt.
(ii) Ordinary and extraordinary partnerships. There are 3 types of extraordinary
partnerships: the anonymous partnership (also called the “silent
partnership”), the partnership en commandite, and special partnerships
QUESTION 2
(a) Since the co-operation of at least two parties is required for the formation of a
contract, a partnership cannot be created unilaterally. A testator can therefore
not establish a partnership between his heirs by means of his will.
Thus a valid partnership cannot be in terms of Petrus will where he bequeaths
the farm on condition that they farm in partnership.
(b) A partnership may be described as a contractual relationship between two or
more, but usually not more than 20 persons (called partners) who operate a
lawful business with the object of making a profit. Partners may be natural or
juristic persons.
Thus Lenta and Maxfed (Pty) can conclude a valid partnership agreement.
(c) A partnership is nothing more than a specific type of contract. A valid contract
must be lawful, parties must have contractual capacity, they must reach an
agreement (consensus), and the agreed performance must be possible. A
partnership must comply with the law and cannot conduct business that is
prohibited by law or public policy.
1|Page
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 EFT, 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 this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Mellissavan. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R50,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
73314 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now