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Exam (elaborations)

COM1513 Assignment 3 2026 - Due 28 May 2026

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Exam of 12 pages for the course Perspectives on Accountancy at Unisa

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University Of South Africa (Unisa)
Course
Perspectives on Accountancy (COM1513)

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CLA2601
ASSIGNMENT 2 2026
DUE: 16 APRIL 2026




SEMESTER 1 2026

, CLA2601 ASSIGNMENT 2 2026

DUE 16 APRIL 2026




Question 1


Lesego and Phumudzo, as trustees of the Build Your Own Home Trust (a

business trust involved in construction), have acted lawfully by purchasing a

back actor, even though the trust deed does not explicitly authorise it.



A trustee’s primary duty is to preserve trust assets and not expose them to undue risk

However, an exception exists for a business trust. A business trust empowers trustees

to carry on a trade or business, which implicitly grants them the authority to expose the

trust to the risks inherent in that specific type of business

(CLA2601 Study Guide, 2024, p. 199).
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Perspectives on Accountancy (COM1513)
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