Insolvency act Study guides, Study notes & Summaries

MRL3701 ASSIGNMENT 2 MEMO - SEMESTER 1 - 2024 UNISA – DUE DATE: - 9 APRIL 2024 (DETAILED ANSWERS WITH FOOTNOTES AND A BIBLIOGRAPHY - DISTINCTION GUARANTEED!) Question Wandile owes a total of R3 million to various creditors. His creditors include Zozo to whom he owes R400 000. He also owes R1,3 million to DRG Bank. Last year Wandile invested in a get-rich-quick scheme as a result of which he lost a lot of money. This left him in a dire financial situation. By 31 October 2023 his liabil...

MRL3701 ASSIGNMENT 1 MEMO - SEMESTER 1 - 2024 - UNISA – DUE DATE: - 14 MARCH 2024 (INCLUDES FOOTNOTES AND BIBLIOGRAPHY) Assessment 01: 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 insolvency, an insolvent is not allowed to acquire...

MRL3701 Assignment 1 (COMPLETE ANSWERS) Semester 1 2024 - DUE 14 March 2024...100% correct questions, answers, workings, and explanations..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 insolvency, an insolvent is not allowed to acquire a new est...

MRL3701 ASSIGNMENT 1 MEMO - SEMESTER 1 - 2024 UNISA – DUE DATE: - 14 MARCH 2024 (DETAILED ANSWERS WITH FOOTNOTES AND A BIBLIOGRAPHY - DISTINCTION GUARANTEED!) Assessment 01: 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 insolvency, ...

MRL3701 ASSIGNMENT 1 MEMO - SEMESTER 1 - 2024 - UNISA – DUE DATE: - 14 MARCH 2024 (DETAILED ANSWERS - FULLY REFERENCED - GUARANTEED A+!) Assessment 01: 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 insolvency, an insolvent is not al...

MRL3701 Assignment 1 (ANSWERS) Semester 2 2023 - GUARANTEED DISTINCTION Good grades Whatsapp +068 for any assistance. Case name Ratio dicendi of the case Area of insolvency law applicable a)Estate Wege v Strauss 2932 AD 76 A trust cannot be a debtor and therefore cannot be sequestrated. Section 29 of the Insolvency Act 24 of 1936.

MRL3701 Assignment 2 (DETAILED ANSWERS) Semester 1 2024 - DUE 9 April 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 . Wandile owes a total of R3 million to various creditors. His creditors include Zozo to whom he owes R400 000. He also owes R1,3 million to DRG Bank. Last year Wandile invested in a get-rich-quick scheme as a result of which he lost a lot of money. This left him in a dire financial situat...

Question 1 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 applications than in compulsory sequestration which then gives rise to the requirement of a higher level of disclosure. (15) 1.3 One of the requirements of the Insolvency Act 24 of...

This document contains detailed, clear, suggested solutions, and references for MRL3701 Assignment 2, Semester 1, 2024. Wandile owes a total of R3 million to various creditors. His creditors include Zozo to whom he owes R400 000. He also owes R1,3 million to DRG Bank. Last year Wandile invested in a get-rich-quick scheme as a result of which he lost a lot of money. This left him in a dire financial situation. By 31 October 2023 his liabilities exceede...

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 ...