Exam pack mrl3701 Study guides, Class notes & Summaries

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MRL3701 INSOLVENCY LAW PAST EXAM PACK QUESTIONS AND ANSWERS SUMMARISED NOTES S - The study-notes marketplace MRL 3701 OCTOBER/NOVEMBER 2018 QUESTION 1 a) Inability to pay debts is, at most merely evidence of insolvency. (page 3) b) Brenda’s application for voluntary surrender must be set out the causes of her insolvency in some detail to enable the court to determine whether the application is ......................... c) Christopher commits an act of insolvency by depar...

MRL3701 EXAM PACK ANSWERS AND 2021 BRIEF NOTESSection 2 of Act – Definitions 'debtor', in connection with the sequestration of the debtor's estate, means a person or a partnership or the estate of a person or partnership which is a debtor in the usual sense of the word, except a body corporate or a company or other association of persons which may be placed in liquidation under the law relating to Companies. A body corporate established in terms of the Sectional Titles Act, 95 of 2986,...

MRL3701 EXAM PACK 2022

MRL3701 EXAM PACK 2022. 1 Contents OCTOBER/ NOVEMBER 2021 ........................................................................................................... 2 Question 1 .......................................................................................................................................... 2 Question 2 .......................................................................................................................................... 8 Question 3 ...........

MRL3701 - EXAM PACK. OCTOBER / NOVEMBER 2019 EXAMINATION PAPER AND ANSWERS QUESTION 1 - FILL IN THE BLANKS (a) The term "debtor" also embraces a partnership, even one whose members are all JURISTIC persons (2) (b) The free residue includes the balance of the proceeds of ENCUMBERED property after discharge of the encumbrances (c) A "liquidated claim " is a MONEY claim (2) (2) (d) An application for compulsory sequestration brought by a creditor who Is not at arm's length Is genera...

MRL3701 EXAM PACK 2022. Meaning of “insolvency” Section 2 of the Insolvency Act, 24 of 1936 (“Act”) – Definitions 'insolvent' when used as a noun, means a debtor whose estate is under sequestration and includes such a debtor before the sequestration of his estate, according to the context. 'insolvent estate' means an estate under sequestration. Everyday language A person is unable to pay his debts = merely evidence of insolvency Legal test of insolvency A debtor’s liabiliti...

MRL3701 EXAM PACK 2022. MRL3701 - Insolvency Law INTRODUCTION TO INSOLVENCY LAW 1.1. Meaning of “insolvency” Section 2 of the Insolvency Act, 24 of 1936 (“Act”) – Definitions 'insolvent' when used as a noun, means a debtor whose estate is under sequestration and includes such a debtor before the sequestration of his estate, according to the context. 'insolvent estate' means an estate under sequestration. Everyday language A person is unable to pay his debts = merely evidence...

MRL3701 EXAM PACK 2022. Insolvency Law. Section 2 of the Insolvency Act, 24 of 1936 (“Act”) – Definitions 'insolvent' when used as a noun, means a debtor whose estate is under sequestration and includes such a debtor before the sequestration of his estate, according to the context. 'insolvent estate' means an estate under sequestration. Everyday language A person is unable to pay his debts = merely evidence of insolvency Legal test of insolvency A debtor’s liabilities, fairly e...

MRL3701-Insolvency Law EXAM PACK 2020-2021. 2020 – MAY / JUNE EXAMINATION PAPER Question 1 Fill in the missing words: (a) The term "debtor" also embraces a person who is incapable of managing his own affairs. (2) (b) Thabo’s application for voluntary surrender must contain an allegation that it will be to the advantage of creditors if his estate is sequestrated. (2) (c) Christopher commits an act of insolvency by departing from his dwelling with the intent by doing so to evade paym...