MRL3701
University of South Africa
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Exam (elaborations)
MRL3701 Assignment 1 Semester 1 2026 - DUE 2 March 2026 [COMPLETE ANSWERS];100%TRUSYED WORKING.
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---5February 20262025/2026A+
- MRL3701 Assignment 1 Semester 1 2026 - DUE 2 March 2026 [COMPLETE ANSWERS];100%TRUSYED WORKING. 
QUESTION 
Palesa and her best friend Mpho started a new restaurant business in 2023. Despite 
their impressive culinary skills, the restaurant was not a success. Palesa lost a lot of 
money which she had invested in the restaurant, leaving her in a dire financial 
situation. By 1 October 2025, Palesa’s liabilities exceeded her assets by R1,8 million. 
Palesa presently owes a total of R2,4 million t...
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Exam (elaborations)
MRL3701 Assignment 2 Semester 1 2026 - DUE 24 March 2026 [COMPLETE ANSWERS ]100% TRUSTED WORKINGS.
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---7February 20262025/2026A+
- MRL3701 Assignment 2 Semester 1 2026 - DUE 24 March 2026 [COMPLETE ANSWERS ]100% TRUSTED WORKINGS. 
Question 1 
What is the intended purpose of section 21 of the Insolvency Act 24 of 1936? (3) 
Question 2 
In Harksen v Lane 1998 (1) SA 300 (CC), section 21 of the Insolvency Act was 
challenged in the Constitutional Court. In this case, Harksen argued that section 21 
infringed her rights because it amounted to an expropriation of her property. 
With reference to relevant legislation, provide the...
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