Answer to Question #308050 in Law for Makhums

Question

Sebo, Tiyani and Tshepo want to start a partnership with the aim of selling African

cuisine. Sebo intends to contribute R15 000.00 on condition that should the

partnership fail, Tiyani and Tshepo will reimburse her. Tiyani intends to contribute his

expertise as a qualified chef. Tshepo intends to contribute the use of his cooking

equipment. They come to you for advice on whether a partnership agreement will be

valid based on what each of them wants to contribute. Advise them fully. (In your

advice, define a partnership, deal with each contribution and conclude.)