1
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MRL3701 Questions and Answers (100%
Correct Answers) Already Graded A+
person's [ Ans: ] The terms sequestration and sequestration
order should stritly be used only with reference to a ____ estate
personal [ Ans: ] In Ex Parte Henning, the statement of affairs
that lay for inspection did not contain the ____ information
8(g) [ Ans: ] According to section ____ of the Insolvency Act, it is
© 2025 Assignment Expert
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
written [ Ans: ] A debtor may not, without the ____ consent of
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the trustee enter into a contract which adversely affects his estate
released [ Ans: ] 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
defamation [ Ans: ] 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
title [ Ans: ] 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
sequestration [ Ans: ] The _______ of an employers estate
suspends the employment contract between him and his
employees with immediate effect
asset [ Ans: ] 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
, 2
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first [ Ans: ] 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
minor child [ Ans: ] 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
absolute [ Ans: ] 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
© 2025 Assignment Expert
order of court [ Ans: ] the term disposition does not include a
disposition made in compliance with an ______
pledge [ Ans: ] A valid ____ is constituted where there is delivery
of movable property to a creditor on the understanding that it will
Guru01 - Stuvia
be retained by him until his claim has been satisfied
two [ Ans: ] 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
court [ Ans: ] The rehabilitation of an insolvent is a matter which
lies solely within the discretion of the _____
directors [ Ans: ] the human beings (the natural persons) who
administer the business of the company are its ______
common law [ Ans: ] When a partnership is dissolved because
the estate of one of the partners has been sequestrated, the
partnership assets are divided among the partners in terms of the
partnership contract or the ______
sequestration [ Ans: ] Rehabilitation has the effect of putting an
end to the _____
unsecured [ Ans: ] Employees are "preferred ______ creditors"
for unpaid but due and payable sums of remuneration,
reimbursements for expenses or other employment related money
before the business rescue proceedings began
, 3
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equitable [ Ans: ] the main objective of a sequestration order is
to secure the just and ____ distribution of a debtor's assets where
they are insufficient to meet the claims of all his creditors
legislature [ Ans: ] the Master is a 'creature of statute' and as
such has only the powers granted to him by the _____
dispose [ Ans: ] The debtor may not make a contract which
purports to ____ of any property of his insolvent estate
final [ Ans: ] On the receipt of a ______ sequestration order, the
Master is obliged to convene immediately by notice in the
Gazette, a first meeting of creditors of the estate
abandonment [ Ans: ] According to section 2 of the Insolvency
© 2025 Assignment Expert
Act 24 of 1936, the term 'disposition' includes , amongst others, a
transfer or ______ of rights to property
retention (or lien) [ Ans: ] Broadly speaking, a party (Ben), has a
Guru01 - Stuvia
right of ____ over specific property belonging to anther if he (Ben)
has expended labour or incurred expenses in respect of the
property
impeachable [ Ans: ] there may be various reasons why an
interested person wishes to apply for an order that automatic
rehabilitation should not take place after the lapse of 10 years. It
may, for example, happen that only just before the completion of
the 10 year period the trustee becomes aware of some possible
_____ dispositions
interrogation [ Ans: ] A special meeting may be called for either
of the following purposes: 1) proof of claims and 2) ______ of the
insolvent
voidable preferences [ Ans: ] In Hendriks NO v Swanepoel 1962,
the legal position in respect of ________ was considered
repudiate [ Ans: ] If the trustee elects to ____ the contract (or if
he is deemed to have done so), the opposite party is precluded
from obtaining an order of specific performance
trader [ Ans: ] But the insolvent may not, without the consent in
writing of his trustee, carry on, be employed in any capacity in, or
For Expert help and assignment solutions, +254707240657
MRL3701 Questions and Answers (100%
Correct Answers) Already Graded A+
person's [ Ans: ] The terms sequestration and sequestration
order should stritly be used only with reference to a ____ estate
personal [ Ans: ] In Ex Parte Henning, the statement of affairs
that lay for inspection did not contain the ____ information
8(g) [ Ans: ] According to section ____ of the Insolvency Act, it is
© 2025 Assignment Expert
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
written [ Ans: ] A debtor may not, without the ____ consent of
Guru01 - Stuvia
the trustee enter into a contract which adversely affects his estate
released [ Ans: ] 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
defamation [ Ans: ] 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
title [ Ans: ] 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
sequestration [ Ans: ] The _______ of an employers estate
suspends the employment contract between him and his
employees with immediate effect
asset [ Ans: ] 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
, 2
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first [ Ans: ] 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
minor child [ Ans: ] 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
absolute [ Ans: ] 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
© 2025 Assignment Expert
order of court [ Ans: ] the term disposition does not include a
disposition made in compliance with an ______
pledge [ Ans: ] A valid ____ is constituted where there is delivery
of movable property to a creditor on the understanding that it will
Guru01 - Stuvia
be retained by him until his claim has been satisfied
two [ Ans: ] 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
court [ Ans: ] The rehabilitation of an insolvent is a matter which
lies solely within the discretion of the _____
directors [ Ans: ] the human beings (the natural persons) who
administer the business of the company are its ______
common law [ Ans: ] When a partnership is dissolved because
the estate of one of the partners has been sequestrated, the
partnership assets are divided among the partners in terms of the
partnership contract or the ______
sequestration [ Ans: ] Rehabilitation has the effect of putting an
end to the _____
unsecured [ Ans: ] Employees are "preferred ______ creditors"
for unpaid but due and payable sums of remuneration,
reimbursements for expenses or other employment related money
before the business rescue proceedings began
, 3
For Expert help and assignment solutions, +254707240657
equitable [ Ans: ] the main objective of a sequestration order is
to secure the just and ____ distribution of a debtor's assets where
they are insufficient to meet the claims of all his creditors
legislature [ Ans: ] the Master is a 'creature of statute' and as
such has only the powers granted to him by the _____
dispose [ Ans: ] The debtor may not make a contract which
purports to ____ of any property of his insolvent estate
final [ Ans: ] On the receipt of a ______ sequestration order, the
Master is obliged to convene immediately by notice in the
Gazette, a first meeting of creditors of the estate
abandonment [ Ans: ] According to section 2 of the Insolvency
© 2025 Assignment Expert
Act 24 of 1936, the term 'disposition' includes , amongst others, a
transfer or ______ of rights to property
retention (or lien) [ Ans: ] Broadly speaking, a party (Ben), has a
Guru01 - Stuvia
right of ____ over specific property belonging to anther if he (Ben)
has expended labour or incurred expenses in respect of the
property
impeachable [ Ans: ] there may be various reasons why an
interested person wishes to apply for an order that automatic
rehabilitation should not take place after the lapse of 10 years. It
may, for example, happen that only just before the completion of
the 10 year period the trustee becomes aware of some possible
_____ dispositions
interrogation [ Ans: ] A special meeting may be called for either
of the following purposes: 1) proof of claims and 2) ______ of the
insolvent
voidable preferences [ Ans: ] In Hendriks NO v Swanepoel 1962,
the legal position in respect of ________ was considered
repudiate [ Ans: ] If the trustee elects to ____ the contract (or if
he is deemed to have done so), the opposite party is precluded
from obtaining an order of specific performance
trader [ Ans: ] But the insolvent may not, without the consent in
writing of his trustee, carry on, be employed in any capacity in, or
