Description
QUESTION 1:
1.1
Two partners who are practicing as dentists, Susan and Jane, decide to dissolve their partnership by agreement. The partnership agreement is silent regarding the goodwill of the partnership. Jane continues practicing as a dentist and de facto takes the partnership’s clients (valued at R1 million) over for her own benefit. Susan feels it is
unfair that Jane has taken over all the clients and wishes to institute legal action to claim her part of the goodwill. Explain whether there is a remedy at Susan’s disposal in these circumstances.
1.2
Name (do not discuss) five (5) different reasons for which a partnership can be terminated.
QUESTION 2:
2.1
Tsepho approaches you for advice on the legal nature of a trust. Briefly explain to Tsepho the legal nature of a trust.
2.2
Tsepho has decided to create a trust. Briefly explain to Tsepho the legal position of a founder in a trust.
DamilolaAde –
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FelaKutiG87 –
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Elon_87 –
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