MRL3701 Insolvency Law (MRL3701)

MRL3701 Assignment 2 Semester 1 2023 100% TRUSTED workings, explanations and solutions.

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 Assignment 2 Semester 1 2023

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

MRL3701 Assignment 2 Semester 1 & 2 2021

Mrl3701-qa-insolvency. 1 Section 1 Questions What is the definition of a “debtor” in terms of the Insolvency Act 24 of 1936? (4) A debtor means a person or a partnership or the estate of a person or a 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. What is the purpose of a notice of surrender? (2) The purpose of the notice of surre...

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...