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MRL2601 Questions and Answers Semester 1 & 2 2021 Last document update:   ago

Section 1 Questions 1. What is the definition of a “debtor” in terms of the Insolvency Act 24 of 1936? (4) A debtor means a person or a partnership or the estate of a person or a partnership which is a debtor in the usual sense of the word, except a body corporate or a company or other association of persons which may be placed in liquidation under the law relating to companies. 2. What is the purpose of a notice of surrender? (2) The purpose of the notice of surrender is to alert credi...