Exam (elaborations)
FBE2604 Assignment 1 Semester 2 2023 - DUE 8 August 2023
- Institution
- University Of South Africa
Exam of 5 pages for the course FBE2604 - Forms Of Business Enterprise at University of South Africa (COMPLETE ANSWERS)
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[Date]FBE2604
Assignment 1
Semester 2
2023 - DUE 8
August 2023
lenovo
[COMPANY NAME]
, FBE2604 Assignment 1 Semester 2 2023 - DUE 8 August
2023
Sello, Thabelo and David want to start a partnership with the aim of selling
Solar batteries. Sello intends to contribute R25 000.00 on condition that
should the partnership fail, Thabelo and David will reimburse him. Thabelo
intends to contribute his expertise as an electrician. David intends to
contribute the use of his Hilux pickup truck. They come to you for advice on
whether a partnership agreement will be valid based on what each of them
wants to contribute. Advise them fully. (In your advice, define a partnership,
deal with each contribution and conclude.)
A partnership is a legal agreement between two or more individuals who come
together to run a business for profit. Each partner contributes something to the
business, be it capital, skills, or resources, and they share in the profits and losses
according to the terms of their partnership agreement.
Now, let's analyze each contribution from Sello, Thabelo, and David and see if the
proposed partnership agreement will be valid:
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