MRL3701 ASSIGNMENT O2 SEMESTER 1- 06 MAY 2025
QUESTION:
Kabelo’s estate was sequestrated in 2021 and he has not yet been rehabilitated. Dennis
was appointed as the trustee of the insolvent estate. The assets in Kabelo’s estate were
insufficient to cover the sequestration costs. As a result, all his creditors had to pay a
contribution, and the concurrent creditors did not receive dividends.
Kabelo recently won a motor vehicle worth R200 000 in a competition which was run by
the Mall of South Africa. When Dennis heard of the news, he claimed delivery of the car.
Kabelo really likes the car and wants to keep the car.
Kabelo comes to you for advice. He wants to know whether he has to deliver the car to
the trustee or if there are ways he could keep the car. By referring to relevant legislation,
advise Kabelo.
FOR EXAMS, PORTFOLIO, AND ASSIGNMENT ASSISTANCE WHATSAPP
083 286 8465 EMAIL:
QUESTION 1
QUESTION:
Kabelo’s estate was sequestrated in 2021 and he has not yet been rehabilitated. Dennis
was appointed as the trustee of the insolvent estate. The assets in Kabelo’s estate were
insufficient to cover the sequestration costs. As a result, all his creditors had to pay a
contribution, and the concurrent creditors did not receive dividends.
Kabelo recently won a motor vehicle worth R200 000 in a competition which was run by
the Mall of South Africa. When Dennis heard of the news, he claimed delivery of the car.
Kabelo really likes the car and wants to keep the car.
Kabelo comes to you for advice. He wants to know whether he has to deliver the car to
the trustee or if there are ways he could keep the car. By referring to relevant legislation,
advise Kabelo.
FOR EXAMS, PORTFOLIO, AND ASSIGNMENT ASSISTANCE WHATSAPP
083 286 8465 EMAIL:
QUESTION 1
