MRL2601 Assignment 1 Answers

Assignment 1 Answers MRL2601 Question 1 Indicate which one of the following is NOT a naturalia (natural consequence) of a partnership agreement: (1) The partners share the net losses of the partnership. (2) The partners own the assets of the partnership as co-owners. (3) The partners must carry on the partnership business for their joint benefit. (4) A partner is not entitled to compensation for his or her contribution to the partnership. Question 2 Indicate which one of t Indicate which one of the following is critical for the formation of a partnership the following is critical for the formation of a partnership: (1) A founding statement. (2) A Notice of Incorporation. (3) A Memorandum of Incorporation. (4) A partnership agreement. Question 3 In which of the following situations would the actio pro socio NOT be the correct action to institute between partners? (1) Partner A wants to apply for an interdict against Partner B to prevent Partner B from using the partnership assets for personal use. (2) Partner A wants to apply for a court order decl