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...
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)
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 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 these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller zamashengegumede. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.99. You're not tied to anything after your purchase.