Both Assignment 1 & 2 For Semester 2 - 2024
ASSIGNMENT 1
QUESTION 1
Explain, with reference to relevant prescribed case law for this module, how the court determines whether a specific business is a partnership. (10)
QUESTION 2
Explain the difference between the two types of trusts envisaged...
MRL2601 ASSIGNMENT 1 MEMO - SEMESTER 2 - 2024 - UNISA - DUE : 27 AUGUST 2024 - ( FULLY REFERENCED WITH FOOTNOTES - DISTINCTION GUARANTEED)
MRL2601 Assignment 1 (COMPLETE ANSWERS) Semester 2 2024 (867833) - DUE 27 August 2024 ; 100% TRUSTED Complete, trusted solutions and explanations.
Tout pour ce livre (25)
École, étude et sujet
University of South Africa (Unisa)
Entrepreneurial Law (MRL2601)
Tous les documents sur ce sujet (46)
3
revues
Par: ighsaansayed • 1 mois de cela
Par: esihlemehlondumi • 1 mois de cela
Par: grenmaruping • 2 mois de cela
Vendeur
S'abonner
Aimark94
Avis reçus
Aperçu du contenu
, PLEASE USE THIS DOCUMENT AS A GUIDE TO ANSWER YOUR ASSIGNMENT
Please note that the author of this document will not responsibility for any plagiarizing you
commit.
Assignment 1 - Due 27 August 2024
Question 1
1. Explain, with reference to relevant prescribed case law for this module, how the court
determines whether a specific business is a partnership.
To determine whether a specific business is a partnership, courts refer to various elements
established through case law and legal principles. Key cases and legal doctrines provide the criteria
used by courts in their determinations.
Elements of a Partnership
A partnership is characterized by the following elements:
Association of Persons: A partnership is formed by an agreement between two or more
persons who intend to work together as co-owners of a business for profit. This is based on the
mutual consent and participation of the partners in the business operations.
Intention to Form a Partnership (Affectio Societatis): The intention to act as partners and
share profits and losses is critical. This intention, referred to as "affectio societatis," implies
that the partners aim to cooperate on an equal footing to achieve mutual benefit.
Conducting Business for Joint Benefit: The business must be carried on with the intention of
mutual benefit. The term "business" here includes any activity that occupies time, attention,
and labor for the purpose of making a profit. Each partner should be entitled to a share of the
profits.
Profit Motive: The primary purpose of the partnership must be the acquisition of patrimonial
benefit, typically profit. Even though the definition of profit can be broad, it excludes
non-pecuniary objectives like the advancement of culture or sport.
Legal Nature of a Partnership
A partnership does not have a separate legal personality. It is essentially a contractual association of
persons, and its existence in law is not independent of its partners. This is known as the "aggregate
theory," where the partnership is not an entity that exists separately from its partners. Instead, the
rights and obligations of the partnership are the rights and obligations of the partners jointly.
Les avantages d'acheter des résumés chez Stuvia:
Qualité garantie par les avis des clients
Les clients de Stuvia ont évalués plus de 700 000 résumés. C'est comme ça que vous savez que vous achetez les meilleurs documents.
L’achat facile et rapide
Vous pouvez payer rapidement avec iDeal, carte de crédit ou Stuvia-crédit pour les résumés. Il n'y a pas d'adhésion nécessaire.
Focus sur l’essentiel
Vos camarades écrivent eux-mêmes les notes d’étude, c’est pourquoi les documents sont toujours fiables et à jour. Cela garantit que vous arrivez rapidement au coeur du matériel.
Foire aux questions
Qu'est-ce que j'obtiens en achetant ce document ?
Vous obtenez un PDF, disponible immédiatement après votre achat. Le document acheté est accessible à tout moment, n'importe où et indéfiniment via votre profil.
Garantie de remboursement : comment ça marche ?
Notre garantie de satisfaction garantit que vous trouverez toujours un document d'étude qui vous convient. Vous remplissez un formulaire et notre équipe du service client s'occupe du reste.
Auprès de qui est-ce que j'achète ce résumé ?
Stuvia est une place de marché. Alors, vous n'achetez donc pas ce document chez nous, mais auprès du vendeur Aimark94. Stuvia facilite les paiements au vendeur.
Est-ce que j'aurai un abonnement?
Non, vous n'achetez ce résumé que pour €3,54. Vous n'êtes lié à rien après votre achat.
