Insolvency law exam pack Study guides, Class notes & Summaries
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MRL3701 - Insolvency Law Exam Pack
- Exam (elaborations) • 190 pages • 2022
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MRL3701 - Insolvency Law Exam Pack
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MRL3701
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SUMMARY
MRL3701 Insolvency law study notes

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MRL3701 Insolvency Law October / November 2021

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MRL3701 EXAM PACK ANSWERS (2019 - 2014) AND 2020 BRIEF NOTES
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MRL3701 INSOLVENCY LAW PAST EXAM PACK QUESTIONS AND ANSWERS (2019 – 2014) SUMMARISED NOTES 2020
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MRL3701 
INSOLVENCY LAW 
PAST EXAM PACK QUESTIONS AND ANSWERS 
(2019 – 2014) 
SUMMARISED NOTES 
2020
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MRL3701 -Insolvency Law EXAM PACK 2021.
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MRL3701- Insolvency Law EXAM PACK 2021. 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 as ‘that portion of the estate which is not subject to 
any right of prefer...
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MRL3701 LATEST EXAM PACK. VERIFIED Q AND A. MRL 3701 OCTOBER/NOVEMBER 2018 QUESTION 1
- Exam (elaborations) • 482 pages • 2024
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MRL3701 LATEST 
EXAM PACK. 
VERIFIED Q AND A. 
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 departing from his dwelling with the 
intent by doing so to evade payment ...
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MRL3701 EXAM PACK 2022
- Exam (elaborations) • 204 pages • 2022
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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...
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MRL3701 EXAM PACK 2022
- Exam (elaborations) • 204 pages • 2022
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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...
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MRL3701
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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,...
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MRL3701 EXAM PACK 2020-2021.
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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 wh...