Description
MRL2601 ASSIGNMENT 1 2025 | SEMESTER 2 2025 | DUE 13 AUGUST 2025
Question 1
Themba, Ndumi and Freddy want to start a partnership with the aim of selling Solar batteries. Sello intends to contribute R25 000.00 on condition that should the partnership fail, Ndumi and Freddy will reimburse him. Ndumi intends to contribute his expertise as an electrician. Freddy intends to contribute the use of his Hilux pickup truck. They come to you for advice on whether a partnership agreement will be valid based on what each of them wants to contribute.
Advise them fully. (In your advice, define a partnership, deal with each contribution and conclude.)
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