Mrl3701 insolvency law Study guides, Class notes & Summaries

MRL3701 INSOLVENCY LAW SEMESTER 1: ASSIGNMENT 2 UNIQUE NUMBER: STUDENT NUMBER:

INSOLVENCY LAW_ MRL3701 SUMMARY NOTES WITH QUESTIONS. 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 eviden...

MRL3701 PORTFOLIO MEMO - MAY/JUNE 2022 - SEMESTER 1 - WITH DETAILED BIBLIOGRAPHY Question 1 1.1 Identify the problem / issue that was faced by the court in Magnum Financial Holdings (Pty) Ltd (in liquidation) v Summerly and another NNO 1984 (1) SA 160 (W) and give reasons why the court in this case was satisfied that the applicants had made out a case for the relief sought. (5) 1.2 Dumisani approaches you for advice. He informs you that his brother, Benson, owes him R24 000 for gardening ...

MRL3701 Assignment 1 Semester 1 2024 - DUE 14 March 2024 ... 100 % TRUSTED workings, explanations and solutions. For assistance call or W.h.a.t.s.a.p.p us on +/ 2/ 5/ 4 /7 /7 /9 /5 /4 /0 /1 /3 /2 . Question 1: (5 marks) Indicate whether the following statements are TRUE (T) or FALSE (F) and provide a reason or explanation for your answer. a. An act of insolvency committed by a spouse married in community of property operates as an act of insolvency by the guilty spouse. b. During the period of ...

MRL3701 PORTFOLIO MEMO - OCT./NOV. 2023 - SEMESTER 2 - UNISA - DUE 26 OCTOBER 2023 - DETAILED ANSWERS WITH FOOTNOTES & BIBLIOGRAPHY- DISTINCTION GUARANTEED! Question 1 CONFIDENTIAL 8 of 11 1.1 Explain when a formal defect in an application for the sequestration of an insolvent estate will be considered as fatal. (5) 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 appli...

MRL3701 Assignment 1 (COMPLETE ANSWERS) Semester 1 2024 - DUE 14 March 2024 100% TRUSTED workings, explanations and solutions. For assistance call or W.h.a.t.s.a.p.p us on +/ 2/ 5/ 4 /7 /7 /9 /5 /4 /0 /1 /3 /2 . Question 1: (5 marks) Indicate whether the following statements are TRUE (T) or FALSE (F) and provide a reason or explanation for your answer. a. An act of insolvency committed by a spouse married in community of property operates as an act of insolvency by the guilty spouse. b. During ...

Insolvency Law (MRL3701) - Exam Questions and Answers Elaborate questions and answers for revision before exams

MRL3701 Insolvency Law assignment 01 semester 01 2023 questions and answers.QUESTION: Critically discuss the case of Amod v Khan 1947 (2) SA 432 (N) with reference to the relevant legislation. (10) (Option 1) The case of Amod v Khan, 1947 (2) SA 432 (N), dealt with the issue of undue influence in the context of a contract. The case is significant because it established the principle that a party who uses undue influence to induce another party to enter into a contract can render the cont...