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With reference to relevant authority, indicate whether a partnership is recognized as a separate entity apart from the partners in terms of SA African law

Answers

Answer 1

The common law is the primary source of partnership regulations in South Africa because a partnership is not universally recognized as a separate legal entity apart from the partners.

What is a partnership?

A partnership is a business structure whereby two or more partners combine their human and material resources to form an entity.

Partners usually sign a partnership agreement to share risks, profits, and losses. The partnership agreement remains the legal document that establishes a partnership.  Where it is not existing, disputes among the partners can be settled using the general partnership agreements.

Examples of common partnerships include:

Law firmsPhysician groups, Real estate investment firmsAccounting groups.

Thus, there are no existing partnership laws in South Africa, and partnerships are generally not distinct from their partners, legally speaking.

Learn more about partnership businesses at https://brainly.com/question/14034519

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