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MRL2601 ASSIGNMENT 2 SEMESTER 2 2026 - FULLY ANSWERED (DUE 24 AUGUST 2026)

MRL2601 ASSIGNMENT 2 SEMESTER 2 2026 – FULLY ANSWERED (DUE 24 AUGUST 2026)

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MRL2601 Assignment 2 Semester 2 MEMO | Due 24 August 2026. All questions fully answered. Question 1
The main object of Abahlali (Pty) Ltd is manufacturing furniture. The Memorandum of Incorporation provides that the board of directors may appoint a managing director who will be authorised to enter into contracts on behalf of the company. Should the contract, however, exceed the amount of R150 000, prior consent of the general meeting is required.
Gadifele, one of the directors, buys a beach house for R350 000 from Nawana on behalf of Abahlali (Pty) Ltd. Explain whether Abahlali (Pty) Ltd may rely on the limitations contained in its Memorandum of Incorporation (MOI) regarding the company’s capacity and authority to enter into contracts as a basis for avoiding liability under the contract. (5)

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MRL2601 Assignment 2 Semester 2 MEMO | Due 24 August 2026. All questions fully answered. Question 1
The main object of Abahlali (Pty) Ltd is manufacturing furniture. The Memorandum of Incorporation provides that the board of directors may appoint a managing director who will be authorised to enter into contracts on behalf of the company. Should the contract, however, exceed the amount of R150 000, prior consent of the general meeting is required.
Gadifele, one of the directors, buys a beach house for R350 000 from Nawana on behalf of Abahlali (Pty) Ltd. Explain whether Abahlali (Pty) Ltd may rely on the limitations contained in its Memorandum of Incorporation (MOI) regarding the company’s capacity and authority to enter into contracts as a basis for avoiding liability under the contract. (5)

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Description

MRL2601 Assignment 2 Semester 2 MEMO | Due 24 August 2026. All questions fully answered. Question 1
The main object of Abahlali (Pty) Ltd is manufacturing furniture. The Memorandum of Incorporation provides that the board of directors may appoint a managing director who will be authorised to enter into contracts on behalf of the company. Should the contract, however, exceed the amount of R150 000, prior consent of the general meeting is required.
Gadifele, one of the directors, buys a beach house for R350 000 from Nawana on behalf of Abahlali (Pty) Ltd. Explain whether Abahlali (Pty) Ltd may rely on the limitations contained in its Memorandum of Incorporation (MOI) regarding the company’s capacity and authority to enter into contracts as a basis for avoiding liability under the contract. (5)

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About this MRL2601 resource

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