Mrl3701 insolvency law notes Study guides, Class notes & Summaries

MRL3701 STUDY SUMMARY NOTES WITH QUESTIONS. This is an all-inclusive and a complete guide to MRL3701 - Insolvency Law Introduction to Insolvency Law Case Law: NB: Magnum Financial Holdings (Pty) Ltd (in Liquidation) v Summerly and another NNO 1984 (1) SA 160 (W) Meaning of “insolvency” Common meaning – a person is insolvent when he is unable to pay his debts, however, The legal test for insolvency is whether the debtor's liabilities, fairly estimated, exceed his assets, fairly va...

MRL3701 – INSOLVENCY LAW SUMMARY NOTES. This is a complete and an all-inclusive guide to MRL3701 – INSOLVENCY LAW SUMMARY NOTES. Identify the problem faced by the court in Magnum Financial Holdings. The only problem before the court was whether a trust could, at law, be sequestrated. Summarise the authority which the court relied on to solve the problem which it faced. No South African case seemed to have dealt with whether a trust could be sequestrated in terms of section 9(1) read wi...

MRL3701 SUMMARY STUDY NOTES WITH QUESTIONS. This is a complete and an all-inclusive guide to MRL3701 - Insolvency Law Meaning of “insolvency” Common meaning – a person is insolvent when he is unable to pay his debts, however, The legal test for insolvency is whether the debtor's liabilities, fairly estimated, exceed his assets, fairly valued. The inability to pay debts Is merely evidence of insolvency. A person who has insufficient assets to discharge his liabilities (although he sat...

MRL3701 - Insolvency Law xam-notes-summary-

MRL3701 Insolvency Law SUMMARY NOTES WITH QUESTIONS. Meaning of “insolvency” Common meaning – a person is insolvent when he is unable to pay his debts, however, The legal test for insolvency is whether the debtor's liabilities, fairly estimated, exceed his assets, fairly valued. The inability to pay debts Is merely evidence of insolvency. A person who has insufficient assets to discharge his liabilities (although he satisfy the test for insolvency) is not treated as insolvent for le...

MRL3701 – INSOLVENCY LAW SUMMARY NOTES. STUDY UNIT 1 INTRODUCTION TO INSOLVENCY LAW Identify the problem faced by the court in Magnum Financial Holdings. The only problem before the court was whether a trust could, at law, be sequestrated. Summarise the authority which the court relied on to solve the problem which it faced. No South African case seemed to have dealt with whether a trust could be sequestrated in terms of section 9(1) read with the definition of “debtor” in section ...

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