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MRL3701 Questions and Correct Answers/
Latest Update / Already Graded
The terms sequestration and sequestration order should stritly be used
only with reference to a ____ estate
Ans: person's
In Ex Parte Henning, the statement of affairs that lay for inspection did
not contain the ____ information
Ans: personal
According to section ____ of the Insolvency Act, it is an act of
insolvency if a debtor gives notice in writing to a creditor that he is
unable to pay one or more of his debts
Ans: 8(g)
A debtor may not, without the ____ consent of the trustee enter into a
contract which adversely affects his estate
Ans: written
All rights reserved © 2025/ 2026 |
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The property of the spouse of the insolvent, where the marriage is out
of community of property, also vests in the trustee of the insolvent
estate, until it is ____ by the trustee
Ans: released
Section 23(8) allows the insolvent to recover for his own benefit
compensation for any loss or damage which he may have suffered,
whether before or after sequestration of his estate, by reason of ____
or personal injury
Ans: defamation
The trustee is obliged to release property which was acquired by the
solvent spouse during her marriage with the insolvent by a valid _____
against creditors of the insolvent
Ans: title
The _______ of an employers estate suspends the employment
contract between him and his employees with immediate effect
Ans: sequestration
All rights reserved © 2025/ 2026 |
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If the insolvent has carried out his side of the contract and only the
other party's performance is outstanding, the right to that
performance is an ___ in the insolvent estate and vests in the trustee
Ans: asset
After receiving a final sequestration order the Master must
immediately convene (cause to come together) a _____ meeting of
creditors by notice in the gov gazette
Ans: first
A nurse who has treated the insolvent's deceased wife or ____ may
have a preferent claim against the insolvent estate if further
requirements are met
Ans: minor child
Note that as a result of a relative ground for disqualification such a
person cannot be a trustee of a specific insolvent estate. This
prohibition differs from the ____ grounds for disqualification where
such a person may not be a trustee of any insolvent estate whatsoever
Ans: absolute
All rights reserved © 2025/ 2026 |
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the term disposition does not include a disposition made in compliance
with an ______
Ans: order of court
A valid ____ is constituted where there is delivery of movable property
to a creditor on the understanding that it will be retained by him until
his claim has been satisfied
Ans: pledge
Interest due on a secured claim for a period not exceeding ____ years
immediately preceding the date of sequestration is secured as if it were
part of the capital sum
Ans: two
The rehabilitation of an insolvent is a matter which lies solely within
the discretion of the _____
Ans: court
the human beings (the natural persons) who administer the business of
the company are its ______
Ans: directors
All rights reserved © 2025/ 2026 |
MRL3701 Questions and Correct Answers/
Latest Update / Already Graded
The terms sequestration and sequestration order should stritly be used
only with reference to a ____ estate
Ans: person's
In Ex Parte Henning, the statement of affairs that lay for inspection did
not contain the ____ information
Ans: personal
According to section ____ of the Insolvency Act, it is an act of
insolvency if a debtor gives notice in writing to a creditor that he is
unable to pay one or more of his debts
Ans: 8(g)
A debtor may not, without the ____ consent of the trustee enter into a
contract which adversely affects his estate
Ans: written
All rights reserved © 2025/ 2026 |
, Page |2
The property of the spouse of the insolvent, where the marriage is out
of community of property, also vests in the trustee of the insolvent
estate, until it is ____ by the trustee
Ans: released
Section 23(8) allows the insolvent to recover for his own benefit
compensation for any loss or damage which he may have suffered,
whether before or after sequestration of his estate, by reason of ____
or personal injury
Ans: defamation
The trustee is obliged to release property which was acquired by the
solvent spouse during her marriage with the insolvent by a valid _____
against creditors of the insolvent
Ans: title
The _______ of an employers estate suspends the employment
contract between him and his employees with immediate effect
Ans: sequestration
All rights reserved © 2025/ 2026 |
, Page |3
If the insolvent has carried out his side of the contract and only the
other party's performance is outstanding, the right to that
performance is an ___ in the insolvent estate and vests in the trustee
Ans: asset
After receiving a final sequestration order the Master must
immediately convene (cause to come together) a _____ meeting of
creditors by notice in the gov gazette
Ans: first
A nurse who has treated the insolvent's deceased wife or ____ may
have a preferent claim against the insolvent estate if further
requirements are met
Ans: minor child
Note that as a result of a relative ground for disqualification such a
person cannot be a trustee of a specific insolvent estate. This
prohibition differs from the ____ grounds for disqualification where
such a person may not be a trustee of any insolvent estate whatsoever
Ans: absolute
All rights reserved © 2025/ 2026 |
, Page |4
the term disposition does not include a disposition made in compliance
with an ______
Ans: order of court
A valid ____ is constituted where there is delivery of movable property
to a creditor on the understanding that it will be retained by him until
his claim has been satisfied
Ans: pledge
Interest due on a secured claim for a period not exceeding ____ years
immediately preceding the date of sequestration is secured as if it were
part of the capital sum
Ans: two
The rehabilitation of an insolvent is a matter which lies solely within
the discretion of the _____
Ans: court
the human beings (the natural persons) who administer the business of
the company are its ______
Ans: directors
All rights reserved © 2025/ 2026 |
