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Question 4 Not yet answered Marked out of 2 p Flag question An extraordinary partner: O a. All of the above o b. Does not participate in the business of the partnership c. Does not share in the liabilities of the partnership O d. Does not contribute to the partnership Previous page Next page Question 12 Not yet answered Marked out of 10 Flag question In each of the following instances, identify the type of authority: A. The right of an executor to dispose of the assets of a deceased estate B. A, B and C are in a partnership. They instruct partner A to buy a racehorse on behalf of the partnership. Leave a message X Question 7 Not yet answered Marked out of 2 Flag question Which of the statements below is true? O a. If a long lease is not registered and the buyer was not informed, the lessee can only continue the lease until the first ten years. ob. If a long lease is not registered and the buyer was not informed, the lessee cannot stay after the property has been bought oc. If a long lease is not registered and the buyer was informed of the lease before buying, the lessee has a right to continue with the lease beyond the ten years. Leave a message X Section 13 of the Credit Agreements Act 75 of 1980 provides as follows: a. None of the above answers b. The credit receiver shall be entitled to recovery of the goods within 30 days in the event where the credit grantor takes matters in his own hands and repossesses goods by any other means than a court order c. The credit receiver may not trade in goods as a deposit Od. The credit receiver may cancel within 5 days if the agreement is entered into as a result of the initiative of the credit grantor or the credit receiver signed the agreement at a place, which is not the normal place of business of the credit grantor Leave a message X Il MTC 12:21 PM @ 67% Question 10 Not yet answered Marked out of 2 Flag question John and Joni enter into a partnership for the packaging and distribution of grapes on a farm owned by Joni. John contributes N$500 000, with which he then buys a truck to transport the grapes. Unfortunately, because of a devastating drought and because neither of them was smart enough to realise that you cannot farm with grapes in the middle of the Kalahari, the business fails to make any money. Eventually John gets fed up and decides to end the partnership. He claims that the truck belongs to him, because he paid for it. Is he correct? Choose the most correct answer O a. Yes. There was never any formal transfer O b. No. A partner's contribution becomes the property of th Leave a message X Question 8 Not yet answered Marked out of 2 Flag question Hire goes before sale means: O a. It is a security of tenure in the event of the lessor deciding to sell the property before expiry of the lease O b. Once the lessor loses or transfers his/her title to the leased property, the lease agreement will terminate O c. The successor-in-title has a right to evict the lessee d. You must first enter into a lease agreement before you can buy the property Leave a message x 1 MTC 12:23 PM @ 67% B. A, B and C are in a partnership. They instruct partner A to buy a racehorse on behalf of the partnership. No authority C. The Board of Directors of a company enters into a multimillion-dollar contract of behalf of the company Express authority D. Susy previously worked as buyer for a Budget Clothing but has now been transferred to a different position with the same company. Without permission, she buys stock for Budget Clothing from a factory that has had previous dealings with her on numerous occasions, Budget Clothing is bound to the contract. Express authority Leave a message X E. Mbeki buys a cell phone for Jane from