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MRL3701 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 - DUE 13 September 2024 CA$3.98   Add to cart
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MRL3701 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 - DUE 13 September 2024

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  • Course
  • Insolvency Law (MRL3701)
  • Institution
  • University Of South Africa (Unisa)
  • Book
  • Hockly\'s Insolvency Law

MRL3701 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 - DUE 13 September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. For assistance, Whats-App 0.6.7-1.7.1-1.7.3.9. Ensure your success with us QUESTION: Simphiwe owes a total of R3 million to various creditors. His creditors ...

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  • July 11, 2024
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  • 2023/2024
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MRL3701
Assignment 2 Semester 2 2024
Detailed Solutions, References & Explanations

Unique number:

Due Date: 20 September 2024



QUESTION 1

a.

A voidable preference, under Section 29 of the Insolvency Act 24 of 1936, is a disposition of
property made by an insolvent debtor that unfairly prefers one creditor over others. This can
occur when the debtor, facing financial difficulties, makes a payment or transfers assets to a
particular creditor shortly before the sequestration of their estate. Such transactions can be set
aside




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