FBE2604 Assignments 2025
Forms of Business Enterprise
FBE2604
Department of Mercantile Law
Semester 1 - 2025
Open RRuubbrri
Rubric icc
FBE2604 Assignments 2025
Assignment 02
This is an ordinary written or typed assignment. Answering this question gives
you practice in answering the type of case law discussion-type questions that
you may expect in the examination. Your answer should not exceed one page.
You may reference your sources as you wish, i.e. in- text, or in footnotes. A
bibliography is not needed but remember to include your Honesty Declaration Form.
Question: 1
Pat and his two sons, Rick and Dave are discussing the legal attributes of a trust. Pat
thinks that trusts have a separate legal existence. Rick is of the view that there is no
distinction drawn between trust assets and private assets of the trustee even though
a trustee is legally the owner of the trust assets. Dave on the other hand, holds the
opinion that parties to a trust may lose more than what is held in the trust. They
approach you for advice on the legal attributes of a trust. Advise them accordingly. (In
your advice, define a trust, deal with each view as presented and then conclude).
TOTAL FOR ASSIGNMENT 02: [10]