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Tutorial 5

The document outlines key topics in business and corporate law, including the distinctions between ordinary and extraordinary partnerships, the duties of partners, and the differences between private companies and ordinary partnerships. It also explains limited liability in various company structures and compares private and public companies. Additionally, it provides legal advice for an individual named Kabo on choosing between a partnership or a company for his business establishment.

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kaone9151
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3 views1 page

Tutorial 5

The document outlines key topics in business and corporate law, including the distinctions between ordinary and extraordinary partnerships, the duties of partners, and the differences between private companies and ordinary partnerships. It also explains limited liability in various company structures and compares private and public companies. Additionally, it provides legal advice for an individual named Kabo on choosing between a partnership or a company for his business establishment.

Uploaded by

kaone9151
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

BUSINESS AND CORPORATE LAW

TUTORIAL 5
Refer to legislation, case law etc

1. Distinguish between ordinary/general and extra-ordinary (limited) partnerships


2. What are the duties of a partner in an ordinary/general partnership?
3. Distinguish between a private company having shares and an ordinary
partnership
4. Describe the meaning of limited liability regarding the following:
a. Close company
b. Company having shares
c. Company limited by guarantee
5. Regarding companies having share capital, distinguish between a private
company and a public company. NB: A private company is either exempt or
non-exempt
6. Kabo has graduated from university with a degree in business studies. He
intends to establish a business either in form of a partnership or a company.
From a legal perspective, advise him on the type of business he should
establish and why.
__________________________________________________________

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