Mrl 3701 Study guides, Class notes & Summaries

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Contents MRL3701 OCTOBER/ NOVEMBER 2011 ....................................................................................................2 MRL 3701 MAY / JUNE 2012.....................................................................................................................5 OCTOBER / NOVEMBER 2012 ...................................................................................................................8 MRL3701 MAY/JUNE 2013....................................................

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 legal purposes unless his estate is sequestrated by an ...

Study unit 1: 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 valued. The inability to pay debts Is merely evidence of insolvency. A person who has insufficient ...

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

Examination questions and answers for MRL 3701. Guaranteed pass.

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MRL 3701 - INSOLVENCY LAW - LATEST ASSIGNMENT PACK 2019 - SEM 1 & 2 ASS 2018 – SEM 1 & 2 ASS ACTIVITIES Q & A SELF TEST Q & A FIRST-SEMESTER ASSIGNMENTS Assignment 01 FILL-IN QUESTIONS 1. The notice of motion, founding affidavit(s) and annexures must be filed with the REGISTRAR of the High Court prior to the date advertised in the notice of surrender. (See chapter 2.) 2. Although the Master fixes the date of the second meeting, he does not convene it; this is the duty of the TRUST...

(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 as ‘that portion of the estate which is not subject to any right of preference by reason of any special mortgage, legal hypothec, pledge or right of retention. (...