Exam (elaborations)
MRL3701 - Study Unit 7 - Vesting of the Assets of the Insolvent Questions with Correct Answers
- Course
- Institution
FUNCTION OF THE TRUSTEE Correct Answer 1. Collect the assets in the estate 2. realize them 3. distribute proceeds amongst creditors in the order of preference laid down by the Act. VESTING OCCURS Correct Answer even in respect of property which has been sold in execution if the debtor's estate...
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