, MRL3701 Assignment 2 (COMPLETE ANSWERS)
Semester 2 2025 - DUE 9 September 2025;
100% TRUSTED Complete, trusted solutions
and explanations.
If the court grants a sequestration order against Bongani’s
estate, it means that Bongani has been declared insolvent, and
his estate will be placed under the control of a trustee. The
primary effect is that Bongani loses control over his estate, and
all his property will be used to pay his creditors in a fair and
orderly manner. Below is a detailed discussion of the effects of
the sequestration order on Bongani:
1. Loss of Control Over His Estate
Once the court grants the final sequestration order, Bongani’s
estate vests in the Master of the High Court and later in a
trustee appointed to administer the estate. Bongani no longer
has the legal capacity to manage, sell, or dispose of his
property.
2. Surrender of Assets
All assets owned by Bongani at the time of sequestration—
including his flat (R1 250 000) and motor vehicle (R200 000)—
Semester 2 2025 - DUE 9 September 2025;
100% TRUSTED Complete, trusted solutions
and explanations.
If the court grants a sequestration order against Bongani’s
estate, it means that Bongani has been declared insolvent, and
his estate will be placed under the control of a trustee. The
primary effect is that Bongani loses control over his estate, and
all his property will be used to pay his creditors in a fair and
orderly manner. Below is a detailed discussion of the effects of
the sequestration order on Bongani:
1. Loss of Control Over His Estate
Once the court grants the final sequestration order, Bongani’s
estate vests in the Master of the High Court and later in a
trustee appointed to administer the estate. Bongani no longer
has the legal capacity to manage, sell, or dispose of his
property.
2. Surrender of Assets
All assets owned by Bongani at the time of sequestration—
including his flat (R1 250 000) and motor vehicle (R200 000)—
