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LML4806 Semester 1 assignment 1 2024 $2.97   Add to cart

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LML4806 Semester 1 assignment 1 2024

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LML4806 Assignment 1, Semester 1 2024. Complete Questions and Answers. Guaranteed Pass. Mandla is both a director and shareholder of Cargo Logistics Ltd. He wants to buy more shares in Cargo Logistics Ltd but does not have enough money to do so. He offers to rent out a warehouse to Cargo Logis...

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LML4806 Assignment 1 (COMPLETE
DETAILED ANSWERS and QUESTIONS)
Semester 1 2024
DUE 15 March 2024 Friday

, Question one


Mandla is both a director and shareholder of Cargo Logistics Ltd. He wants to buy more
shares in Cargo Logistics Ltd but does not have enough money to do so. He offers to rent out
a warehouse to Cargo Logistics Ltd. Cargo Logistics Ltd agrees to pay R1.2 million per annum
as rent for the warehouse. Mandla then uses part of the money to purchase 10 000 shares
in Cargo Logistics Ltd. With reference to the relevant case law, statutory provisions and the
facts provided in the above scenario, discuss whether Cargo Logistics Ltd has provided
financial assistance for the purchase of its securities. (6)

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