Mrl3701 insolvency law with Study guides, Class notes & Summaries

MRL3702 Insolvency Law - Assignment 1 Model Answer (Semester 1, 2024) Welcome to MRL3702 Insolvency Law! This document contains a meticulously crafted model answer for the first assignment of Semester 1, 2024, pertaining to MRL3701 Insolvency Law at UNISA. Dive into this comprehensive resource to gain valuable insights and guidance on tackling the complexities of insolvency law. Whether you're a student seeking clarity or an enthusiast delving into the intricacies of legal studies, this model...

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 ASSIGNMENT 2 SEMESTER 1 OF 2023 [] 1. Which of the dispositions above may be set aside in terms of the common law, and what is the relevant action that may be used to set the disposition aside? (2) 2. What must the trustee prove to set aside a disposition made for no value? (2) 3. Regarding the factual scenario above, advise your client what a section 29 disposition is, state whether there is an exception to section 29 that may protect him, and what that exception is. Lastly sta...

Summary of important Insolvency Law Cases dealt with in MRL3701

MRL3701 - Insolvency Law summary S`tudy unit 1INTRODUCTION 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 2 of 16 th...