Mrl3701 insolvency law notes Study guides, Class notes & Summaries
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INSOLVENCY LAW_ MRL3701 SUMMARY NOTES WITH QUESTIONS
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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...
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MRL3701 INSOLVENCY LAW JAN/FEB 2022 EXAM, ASSIGNMENT 1 SEMESTER 1 - 2022, SUMMARY NOTES LATEST 2022, SUMMARY NOTES WITH QUESTIONS & EXAM PACK ANSWERS AND BRIEF NOTES 2021 .
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MRL3701 INSOLVENCY LAW JAN/FEB 2022 EXAM, ASSIGNMENT 1 SEMESTER 1 - 2022, SUMMARY NOTES LATEST 2022, SUMMARY NOTES WITH QUESTIONS & EXAM PACK ANSWERS AND BRIEF NOTES 2021 .
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MRL3701 Insolvency Law SUMMARY NOTES WITH QUESTIONS, LATEST SUMMARY NOTES & LATEST EXAM PACK 2020-2021.
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MRL3701 Insolvency Law SUMMARY NOTES WITH QUESTIONS, LATEST SUMMARY NOTES & LATEST EXAM PACK 2020-2021.
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MRL3701 Insolvency law study notes
- Summary • 144 pages • 2021
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Study notes for Unisa students: 
MRL3701 – INSOLVENCY LAW 
Downloaded by Emma Cain () 
lOMoARcPSD| 
Study Notes24 2 
by Carella Holdings (Pty) Ltd. 
 
TABLE OF CONTENTS: 
STUDY UNIT 1 INTRODUCTION TO INSOLVENCY LAW 4 
STUDY UNIT 2 – 3 VOLUNTARY SURRENDER 10 
STUDY UNIT 4 – 5 COMPULSORY SEQUESTRATION 20 
STUDY UNIT 6 THE LEGAL POSITION OF THE INSOLVENT 35 
STUDY UNIT 7 VESTING OF THE ASSETS OF THE INSOLVENT 43 
STUDY UNIT 8 VESTING OF THE ASSETS OF THE SOLVENT 
 SOUSE 50 
STUDY UNIT 9 – 1...
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MRL3701 STUDY NOTES.
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MRL3701 STUDY NOTES. MRL3701 - Insolvency Law. 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 2 of 
16 t...
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MRL3701
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SUMMARY
MRL3701 Insolvency law study notes

2
Exam (elaborations)
MRL3701 Insolvency Law October / November 2021

3
Exam (elaborations)
MRL3701 EXAM PACK ANSWERS (2019 - 2014) AND 2020 BRIEF NOTES
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MRL3701-INSOLVENCY LAW SUMMARY NOTES .
- Summary • 144 pages • 2022
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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 2 of ...
-
MRL3701-Insolvency Law SUMMARY NOTES WITH QUESTIONS.
- Summary • 93 pages • 2022
-
- $3.20
- + learn more
MRL3701-Insolvency Law 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 evidence o...
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