Feb 2020 Flashcards
Give reasons why in certain circumstances conducting a business through a legal entity is preferable to doing so as a sole proprietor or partnership
A body corporate gifts continuity and sometimes protection against personal liability it may be beneficial to avoid sequestration and has a better organised regulatory structure and may have tax flexibility
What types of companies can be incorporated under the new companies act
Profit company which can be either be a - state own company or a
- private company or a
- personal liability company or a
- public company and
non-profit company is incorporated for a public benefit
Will the income earned by the husband while his wife remain at home to manage the household be included in the calculation of the accrual
Included
Will the money earned by the wife by dressmaking for neighbours be included in the calculation of the accrue as between spouses
Included
If the husband inherits money from his fathers estate will it be included in the calculation of the accrual
Excluded
The wife received money for general damages arising from an accident will this be included in the calculation of the accrual
Excluded
The road accident fund pays the wife money for medical expenses will this be included in the calculation of the accrual
Included
Where will you go for a claim for damages for R9000
Small claims court
where will you go for an order that a provision of hundred thousand rand is un constitutional
High Court
Where will you go for a claim for reinstatement after unfair dismissal
CCMA
Where will you go for an unfair calculation of pension benefits by a pension fund
The pension fund adjudicator
Where will you go for the interrogation of an insolvent who hides assets
Master of the Hc who will appoint a magistrate
Where will you go for the amendment or enforcement of a HC maintenance order
Maintenance court
Where will you go for an excessive fee charged by an attorney in a criminal trial
The law society assessment panel
Where will you go if trust money apparently stolen by an attorney
Attorney Fidelity Fund or Law Society