SA Partnership Law Quiz

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SA Partnership Law basics.

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Evangelist Paul Mushonga

Sudáfrica

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SA Partnership Law Quiz


SA Partnership Law QuizVersión en línea SA Partnership Law basics. por Evangelist Paul Mushonga 1 What best defines a partnership under SA law? a A company registered under the Companies Act. b An NGO formed for charitable purposes. c Two or more persons carry on business with a view to profit. d A single person operates a business for profit. 2 Which act governs partnerships in South Africa? a Partnership Act 46 of 1930. b Companies Act 2008. c Constitution of South Africa. d Income Tax Act. 3 Does a general partnership require formal registration in SA? a Must register with CIPC. b No, not required; formed by agreement. c Requires a license to operate. d Must register as a company. 4 What is the liability of partners for partnership debts in SA? a Jointly and severally liable. b Debt is covered by a separate entity. c Only the partnership bears debts. d Only the debtor partner is liable. 5 What should a partnership agreement in SA include? a Only the name of partners. b Registration number. c Profit sharing, partner duties, and dissolution terms. d Tax obligations only. 6 What is partnership by estoppel? a When a partner dies. b When the partnership is dissolved. c When a person represents themselves as a partner and others rely on it. d When a partner breaks a contract. 7 Can a partner bind the firm in ordinary course of business without all partners' consent? a Yes, a partner may bind the firm in ordinary course of business. b Only the managing partner can bind. c All partners must approve every action. d No binding authority exists. 8 What happens on dissolution of a partnership? a All profits go to the government. b Partnership ends; assets after debts are distributed. c Tax year ends. d The business becomes a company automatically. 9 Is a partnership a separate legal entity in South Africa? a It is a type of company. b No; not a separate legal entity. c It is a trust. d Yes; it is a separate legal entity. 10 How can partnership terms be changed after formation? a By government decree. b By filing in the tax office. c Unilateral decision by one partner. d By agreement of all partners.

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SA Partnership Law Quiz

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Sobre esta actividad

Creada por

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SA Partnership Law QuizVersión en línea

por Evangelist Paul Mushonga

What best defines a partnership under SA law?

Which act governs partnerships in South Africa?

Does a general partnership require formal registration in SA?

What is the liability of partners for partnership debts in SA?

What should a partnership agreement in SA include?

What is partnership by estoppel?

Can a partner bind the firm in ordinary course of business without all partners' consent?

What happens on dissolution of a partnership?

Is a partnership a separate legal entity in South Africa?

How can partnership terms be changed after formation?