a) Profit companies continue to exist in company law, with that said, list and distinguish (with all
Question:
a) Profit companies continue to exist in company law, with that said, list and distinguish (with all
abbreviations) five profit companies.
(10 Marks)
b) Sally Smith has recently endorsed all relevant documents to support her application to start her
own private company. Sally is only left with the certificate to commence business to be issued to
her by the Registrar of companies in Windhoek, an Australian supplier is interested in supplying
Sally with oak timber for her new business. Sally successfully partners with the Australian
supplier, meanwhile the certificate to commence business has not yet been issued to Sally.
Discuss and motivate your answer as to whether the above contract constitutes a preincorporation contract or not, fully supporting your answer.
(15 Marks)
Expert Answer:
a Profit companies are entities formed for the purpose of generating profit for their shareholders Here are five types of profit companies along with ... View the full answer
