100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
MRL2601 ASSIGNMENT 1 SECOND SEMESTER 2023 R50,00   Add to cart

Other

MRL2601 ASSIGNMENT 1 SECOND SEMESTER 2023

 11 views  0 purchase

MRL2601 ASSIGNMENT 1 SECOND SEMESTER 2023

Preview 1 out of 3  pages

  • July 27, 2023
  • 3
  • 2022/2023
  • Other
  • Unknown
book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:
All documents for this subject (197)
avatar-seller
TheMaster
NAME


STUDENT NUMBER


MRL2601 ASSIGNMENT 1




QUESTION 1
Susan could potentially have recourse to a couple of legal actions to enforce her
rights as a partner, under South African law. Firstly, she could potentially bring an
actio pro socio. This action could be used, for example, to request a declaratory
order regarding the partnership or to claim for dissolution of the partnership. Given
that the partnership has already been dissolved, the primary purpose of this action
would be to enforce Susan's rights in the dissolution process. This might include, for
instance, a claim for her share of the partnership's goodwill, which Jane appears to
have taken for her own benefit. As this action is a personal one, it would be brought
by Susan against her co-partner, Jane, and not against the partnership itself.
Secondly, she could potentially bring an actio communi dividundo. This action is
used to affect a physical division of assets held in joint ownership. Although this
action has traditionally been used for tangible assets, its scope has been extended
to cover intangible assets such as goodwill by means of utilis actio communi
dividundo. Susan could use this action to obtain a division of the partnership's clients
(valued at R1 million), which are effectively an aspect of the partnership's goodwill.
This action would again be a personal one, brought by Susan against Jane, and not
against the partnership.

QUESTION 2

1. Mutual Agreement: The partners may decide to terminate the partnership by
mutual agreement.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 TheMaster. 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)

80467 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 14 years now

Start selling
R50,00
  • (0)
  Buy now