MRL2601 Entrepreneurial Law
University of South Africa
Here are the best resources to pass MRL2601 Entrepreneurial Law. Find MRL2601 Entrepreneurial Law study guides, notes, assignments, and much more.
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Exam (elaborations)
MRL Study PACK587568 - Summary Entrepreneurial Law
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---35October 20212021/2022A+
- Modo is a member of Yapcan CC. He is the oldest of all the members 
and is concerned about his deteriorating health. He does not want to 
sell his member's interest since the corporation's business is doing very 
well. Advise Helmut whether or not he can bequeath his interest in the 
close corporation to his daughter. 
In addition, advise him whether or not effect will be given to his wishes 
if he makes provision in his will for the transfer of his interest to his 
daughter. (5) 
A member of ...
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LOVELY01
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Exam (elaborations)
MRL2601_ ENTREPRENEURIAL LAW_ EXAM PACK 2021.
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---180October 20212021/2022A+
- MRL2601_ ENTREPRENEURIAL LAW_ EXAM REVISION PACK 2021. Explain what a debenture is, and what type of relationship exists 
between a debenture holder and a company (2) 
A debenture is a debt instrument for the acknowledgement by a company 
that the company is indebted to the debenture holder for a certain sum of 
money, as evidenced by the document. Debenture holders are creditors of 
the company by virtue of having extended loans to the company. 
Question 3 
3.1 Eddie wishes to start his own bu...
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ExcelAcademia2026
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Exam (elaborations)
MRL2601_ Entrepreneurial Law Exam Pack 2021.
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--180October 20212021/2022A+
- MRL2601_ Entrepreneurial Law Exam Pack 2021. Companies Act provides that each shareholder has a claim for damages against 
any person who fraudulently, or due to gross negligence, causes the company to do 
anything inconsistent with the Companies Act or a limitation, restriction or 
qualification on the powers of the company as stated in its Memorandum of 
Incorporation, unless ratified by special resolution in terms of section 20(2). This is in 
addition to the remedy provided in section 165. 
...
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ExcelAcademia2026
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Exam (elaborations)
MRL2601_ Entrepreneurial Law_ exam pack .
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---80October 20212021/2022A+
- MRL2601_ Entrepreneurial Law_ exam pack . Explain the process for the conclusion of a contract to the benefit of a 
third party (stipulatio alteri) 
A person concludes a contract with another contracting party in terms of which the 
last-mentioned will offer certain benefits to the company to be formed. If the 
company is formed, it can accept the offer or decline it. The risk is that the company 
may not come into existence or may not accept the offer. The person who concluded 
the contract wil...
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ExcelAcademia2026
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Exam (elaborations)
MRL2601 - Entrepreneurial Law exam pack
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---80October 20212021/2022
- Learning unit 1: Legal personality and lifting of the veil 
• When does a company acquire legal personality? 
Once a company is incorporated and a certificate of incorporation is issued, 
• With reference to case law explain the meaning and effects of separate legal 
personality 
Salomon v Salomon & Co Ltd: 
• The estate of the company is assessed apart from the estates of individual 
shareholders or members, therefore the debts of the company are the 
company’s debts and separate from t...
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lectdenis