MRL3701 Assignment 1 Semester 2 2026 - Due 13 August 2026

MRL3701 Assignment 1 Semester 2 2026 - Due 13 August 2026 Question 1 Naledi runs a small architectural practice in Polokwane. Owing to a downturn in the construction industry she is struggling to pay her creditors on time, although her assets still exceed her liabilities. In March her elderly mother, who lives in Portugal, suffers a severe stroke. Naledi immediately flies to Lisbon to care for her, informing her office that she will return once her mother's condition stabilises. Six months later, Naledi has still not returned to South Africa. Her creditors, growing anxious, approach you as a candidate attorney for advice on whether they can rely on her absence to apply for the sequestration of her estate. Advise the creditors whether Naledi has committed an act of insolvency in terms of s 8(a) of the Insolvency Act. In your answer, set out the requirements of s 8(a), discuss the intention requirement and how it is proved, and apply the law to Naledi's circumstances. Question 2 Thabo and Lerato have been married out of community of property since 2025. Thabo runs a small panel-beating business in Springs, and Lerato is employed as a quantity surveyor. Over the past year Thabo's business has collapsed, and the couple have stopped paying their accounts. One of Thabo's major suppliers, Steelcor (Pty) Ltd, is owed R180 000 and has heard that Thabo recently transferred his bakkie into his brother's name for no payment. The manager of Steelcor (Pty) Ltd consults you, wanting to know whether the company can bring an application to have Thabo's estate sequestrated. Advise Steelcor (Pty) Ltd on the requirements it must prove to convince a court to grant an application for compulsory sequestration. Question 3............................................. Question 4.......................................