MRL3701
Assignment 2 Semester 1 2025
Detailed Solutions, References & Explanations
Unique number: 567487
Due Date: 13 May 2025
QUESTION
1. Kabelo’s estate was sequestrated in 2021 and he has not yet been rehabilitated. Dennis was
appointed as the trustee of the insolvent estate. The assets in Kabelo’s estate were
insufficient to cover the sequestration costs. As a result, all his creditors had to pay a
contribution and the concurrent creditors did not receive dividends.
Kabelo recently won a motor vehicle worth R200 000 in a competition which was run by the
Mall of South Africa. When Dennis heard of the news, he claimed delivery of the car. Kabelo
really likes the car and wants to keep the car.
Kabelo comes to you for advice. He wants to know whether he has to deliver the car to the
trustee or if there are ways he could keep the car. By referring to relevant legislation, advise
Kabelo.
Terms of use
By making use of this document you agree to:
Use this document as a guide for learning, comparison and reference purpose,
Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
Fully accept the consequences should you plagiarise or misuse this document.
Disclaimer
Extreme care has been used to create this document, however the contents are provided “as is” without
any representations or warranties, express or implied. The author assumes no liability as a result of
reliance and use of the contents of this document. This document is to be used for comparison, research
and reference purposes ONLY. No part of this document may be reproduced, resold or transmitted ny in
any form or by any means s.
Assignment 2 Semester 1 2025
Detailed Solutions, References & Explanations
Unique number: 567487
Due Date: 13 May 2025
QUESTION
1. Kabelo’s estate was sequestrated in 2021 and he has not yet been rehabilitated. Dennis was
appointed as the trustee of the insolvent estate. The assets in Kabelo’s estate were
insufficient to cover the sequestration costs. As a result, all his creditors had to pay a
contribution and the concurrent creditors did not receive dividends.
Kabelo recently won a motor vehicle worth R200 000 in a competition which was run by the
Mall of South Africa. When Dennis heard of the news, he claimed delivery of the car. Kabelo
really likes the car and wants to keep the car.
Kabelo comes to you for advice. He wants to know whether he has to deliver the car to the
trustee or if there are ways he could keep the car. By referring to relevant legislation, advise
Kabelo.
Terms of use
By making use of this document you agree to:
Use this document as a guide for learning, comparison and reference purpose,
Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
Fully accept the consequences should you plagiarise or misuse this document.
Disclaimer
Extreme care has been used to create this document, however the contents are provided “as is” without
any representations or warranties, express or implied. The author assumes no liability as a result of
reliance and use of the contents of this document. This document is to be used for comparison, research
and reference purposes ONLY. No part of this document may be reproduced, resold or transmitted ny in
any form or by any means s.
