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MRL3701 Assignment 1 (Complete Answers) Semester 1 - Due: 14 March 2024
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MRL3701 Assignment 1 (Complete Answers) Semester 1 - Due 14 March 2024
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MRL3701ASSIGNMENT 1 (SEMESTER 1)
DUE DATE: 14 March 2024
Written Assignment Submission Guidelines:
Please ensure that your assignment is submitted electronically through the myUnisa platform no
later than 14 March 2024. Kindly note that fax or email submissions will not be accepted.
NB: Assignment submitted to the lecturer(s) through email will not be considered.
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 estate.
c. The insolvent may recover for his own benefit any pension to which he may be entitled as this
forms part of property that does not fall into the insolvent estate.
d. An insolvent who brings an action in the Magistrate’s Court is obliged by Rule 62(1)(b) of the
Magistrate’s Court Rules to give security for the costs of the action if the defendant requests it.
e. A debtor who has no assets and only liabilities can surrender his estate. (5)
Answers:
a. TRUE. An act of insolvency committed by a spouse married in community of property can indeed
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