Insolvency law exam pack Study guides, Class notes & Summaries

MRL3701 EXAM PACK. 100% CORRECT questions, answers, workings and explanations. Question 1 1.1 Briefly explain what is meant by the concept of “concursus creditorum”. (5) (Your answer must not exceed half a page or 120 words) 1.2 Explain why the court in Ex Parte Arntzen (Nedbank Ltd as Intervening Creditor) 2013 (1) SA 49 (KZP) held that creditors are more vulnerable in voluntary surrender applications than in compulsory sequestration which then gives rise to the requirement of a high...

MRL3701 EXAM PACK ANSWERS AND 2021 BRIEF NOTES.ENCY LAW (MERCANTILE LAW 1 MODULE 3701) Duration : 2 Hours 100 Marks QUESTION 1 Fill in the missing words or word: (a) A debtor’s estate is sequestrated, not the debtor himself. (2) (b) The debtor need not have ordinarily resided or carried on business for the entire 12 months preceding the sequestration application: ordinary residence or conduct of business at any time during that period suffices. (2) (c) Free residue’ is defined in s 2...

MRL 3701 2022 LATEST EXAM PACK MEMOS 2015 To JUNE 2020. (ANSWERED)INSOLVENCY LAW MRL 3701 2020 EXAM PACK QUESTIONS AND ANSWERS FROM2015 TO 2020 MAY 2020 Q & A NOV 2019 Q & A MAY 2019 Q & A OCT 2018 Q & A MAY 2018 Q & A NOV 2017 -Q & A NOV 2016 Q & A JUNE 2016 Q & A NOV 2015 Q & A

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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 EXAM PACK 2023 LATEST QUESTIONS AND ANSWERS MRL3701 EXAM PACK Revision PACK Questions. Answers NOTES Insolvency Law MRL301-M 1. 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 ...

MRL3701 EXAM PACK 2020-2021. 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 payments of his debts. (2) (d) An application for compulsory sequestration brought by a creditor who...

MRL3701 EXAM PACK 2021. This is a complete and an all-inclusive guide to MRL3701 EXAM PACK 2021. A debtor’s estate is sequestrated, not the debtor himself. (2) (b) The debtor need not have ordinarily resided or carried on business for the entire 12 months preceding the sequestration application: ordinary residence or conduct of business at any time during that period suffices. (2) (c) Free residue’ is defined in s 2 as ‘that portion of the estate which is not subject to any right o...

INSOLVENCY LAW MRL3701 EXAM PACK 2021 – 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 payments of...