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ASSIGNMENT PROGRAMME: BACHELOR OF COMMERCE IN SUPPLY CHAIN MANAGEMENT MODULE: COMMERCIAL LAW 2 0 1 ASSIGNMENT TYPE: TAKE HOME AND RESEARCH BASED DUE DATE: QUESTION
ASSIGNMENT PROGRAMME: BACHELOR OF COMMERCE IN SUPPLY CHAIN MANAGEMENT MODULE: COMMERCIAL LAW ASSIGNMENT TYPE: TAKE HOME AND RESEARCH BASED DUE DATE: QUESTION ONE XYZ Innovations Pty Ltd is a tech startup founded by John and Sarah, who are childhood friends. The company specializes in developing cuttingedge software solutions for various industries. Over the years, the company has grown rapidly and attracted investors due to its innovative products. However, recently, XYZ Innovations Pty Ltd has been facing financial difficulties, and there have been disagreements between the founders regarding the company's future. Assess how the Companies Act of shaped the landscape of corporate governance and business practices in South Africa since its enactment, and what the driving forces behind its implementation were. Write a short note identifying the type of company XYZ Pty Ltd is and set out four characteristics that are specific to this type of company. Given the company's financial difficulties, John and Sarah are concerned about their personal liability. They want to understand how limited liability and the concept of separate legal personality, as provided by the Companies Act of operate. Assess whether John and Sarah's personal assets are at risk due to the company's financial troubles and if they can be held personally liable for its debts. Write a short note identifying the type of company XYZ Pty Ltd is and set out four characteristics that are specific to this type of company.
ASSIGNMENT
PROGRAMME: BACHELOR OF COMMERCE IN SUPPLY CHAIN MANAGEMENT
MODULE: COMMERCIAL LAW
ASSIGNMENT TYPE: TAKE HOME AND RESEARCH BASED
DUE DATE:
QUESTION ONE
XYZ Innovations Pty Ltd is a tech startup founded by John and Sarah, who are childhood
friends. The company specializes in developing cuttingedge software solutions for various
industries. Over the years, the company has grown rapidly and attracted investors due to its
innovative products. However, recently, XYZ Innovations Pty Ltd has been facing financial
difficulties, and there have been disagreements between the founders regarding the
company's future.
Assess how the Companies Act of shaped the landscape of corporate
governance and business practices in South Africa since its enactment, and what
the driving forces behind its implementation were.
Write a short note identifying the type of company XYZ Pty Ltd is and set out
four characteristics that are specific to this type of company.
Given the company's financial difficulties, John and Sarah are concerned about
their personal liability. They want to understand how limited liability and the concept
of separate legal personality, as provided by the Companies Act of
operate.
Assess whether John and Sarah's personal assets are at risk due to the company's
financial troubles and if they can be held personally liable for its debts. Write a short note identifying the type of company XYZ Pty Ltd is and set out
four characteristics that are specific to this type of company.
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