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LML4806 assignment 2 solutions semester 1 2024 (Full Solutions)
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100% accurate and reliable assignment solutions for LML4806 assignment 2 semester 1 2024. Due date 15 April 2024
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LML4806ASSIGNMENT 2 SEMESTER 1 2024
Unique Number: 590092
DUE DATE: 15 April 2024
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QUESTION 1
Business rescue refers to proceedings aimed at rehabilitating a financially distressed
company. According to Section 128(1)(b) of the Companies Act 71 of 2008, a company
is considered as financially distressed if it appears to be reasonably unlikely that the
company will be able to pay all of its debts as they become due and payable within the
immediately ensuing six months or if it appears to be reasonably likely that the company
will become insolvent within the immediately ensuing six months.
Disclaimer
Extreme care has been used to create this document, however the contents are provided “as is”
without any representations or warranties, express or implied. The author assumes no liability as
a result of reliance and use of the contents of this document. This document is to be used for
comparison, research and reference purposes ONLY. No part of this document may be
reproduced, resold or transmitted in any form or by any means.
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