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MRL3701 ASSIGNMENT 2 SEMESTER 1 – 2024 (883082)
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MRL3701 ASSIGNMENT 2 SEMESTER 1 – 2024 (883082) 
 
DUE DATE: 09 APRIL 2024 
 
Answer the following questions based on the facts given above: 
 
a. Discuss the requirements that an applicant must prove in order to obtain a court order for the sequestration of a debtor’s estate. (3) 
 
b. Discuss whether Zozo may successfully apply for a court order for the sequestration of Wandile’s estate. (5) 
 
c. Explain the concept of an act of insolvency, and also discuss the main purpose of section 8...
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MRL3701 ASSIGNMENT 1 SEMESTER 1 – 2024 (686262)
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MRL3701 ASSIGNMENT 1 SEMESTER 1 – 2024 (686262) 
 
DUE DATE: 14 MARCH 2024 
 
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 b...
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MRL3701 ASSIGNMENT 1 2024-Insolvency Law
- Exam (elaborations) • 3 pages • 2024
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MRL3701 ASSIGNMENT 1 2024-Insolvency Law 
 
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MRL3701 ASSIGNMENT 1 MEMO - SEMESTER 1 - 2024 UNISA – DUE DATE: - 14 MARCH 2024 (DETAILED ANSWERS WITH FOOTNOTES AND A BIBLIOGRAPHY - DISTINCTION GUARANTEED!)
- Exam (elaborations) • 8 pages • 2024
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MRL3701 ASSIGNMENT 1 MEMO - SEMESTER 1 - 2024 UNISA – DUE DATE: - 14 MARCH 2024 (DETAILED ANSWERS WITH FOOTNOTES AND A BIBLIOGRAPHY - DISTINCTION GUARANTEED!) 
 
Assessment 01: 
 
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, ...
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MRL3701 ASSIGNMENT 2 MEMO - SEMESTER 1 - 2024 UNISA – DUE DATE: - 9 APRIL 2024 (DETAILED ANSWERS WITH FOOTNOTES AND A BIBLIOGRAPHY - DISTINCTION GUARANTEED!)
- Exam (elaborations) • 7 pages • 2024
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MRL3701 ASSIGNMENT 2 MEMO - SEMESTER 1 - 2024 UNISA – DUE DATE: - 9 APRIL 2024 (DETAILED ANSWERS WITH FOOTNOTES AND A BIBLIOGRAPHY - DISTINCTION GUARANTEED!) 
 
Assessment 02: 
Question 1: (10 marks) 
Wandile owes a total of R3 million to various creditors. His creditors include Zozo to 
whom he owes R400 000. He also owes R1,3 million to DRG Bank. 
Last year Wandile invested in a get-rich-quick scheme as a result of which he lost a 
lot of money. This left him in a dire financial situation. B...
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MRL3701 ASSIGNMENT 2 MEMO - SEMESTER 1 - 2024 UNISA – DUE DATE: - 9 APRIL 2024 (DETAILED ANSWERS WITH FOOTNOTES AND A BIBLIOGRAPHY - DISTINCTION GUARANTEED!)
- Exam (elaborations) • 8 pages • 2024
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MRL3701 ASSIGNMENT 2 MEMO - SEMESTER 1 - 2024 UNISA – DUE DATE: - 9 APRIL 2024 (DETAILED ANSWERS WITH FOOTNOTES AND A BIBLIOGRAPHY - DISTINCTION GUARANTEED!) 
 
Question 
 
Wandile owes a total of R3 million to various creditors. His creditors include Zozo 
to whom he owes R400 000. He also owes R1,3 million to DRG Bank. Last year 
Wandile invested in a get-rich-quick scheme as a result of which he lost a lot of 
money. This left him in a dire financial situation. By 31 October 2023 his liabil...
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MRL3701 ASSIGNMENT 1 MEMO - SEMESTER 1 - 2024 - UNISA – DUE DATE: - 14 MARCH 2024 (DETAILED REFERENCES)
- Exam (elaborations) • 8 pages • 2024
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MRL3701 ASSIGNMENT 1 MEMO - SEMESTER 1 - 2024 - UNISA – DUE DATE: - 14 MARCH 2024 (DETAILED REFERENCES) 
 
Assessment 01: 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. Th...
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MRL3701 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 - DUE 9 April 2024
- Exam (elaborations) • 4 pages • 2024
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MRL3701 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 - DUE 9 April 2024 100% TRUSTED workings, explanations and solutions. ..................................................... Wandile owes a total of R3 million to various creditors. His creditors include Zozo to whom he owes R400 000. He also owes R1,3 million to DRG Bank. Last year Wandile invested in a get-rich-quick scheme as a result of which he lost a lot of money. This left him in a dire financial situation. By 31 October 2023 his lia...
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MRL3701 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 - DUE 9 April 2024
- Exam (elaborations) • 4 pages • 2024
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MRL3701 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 - DUE 9 April 2024 100% TRUSTED workings, explanations and solutions. ..................................................... Wandile owes a total of R3 million to various creditors. His creditors include Zozo to whom he owes R400 000. He also owes R1,3 million to DRG Bank. Last year Wandile invested in a get-rich-quick scheme as a result of which he lost a lot of money. This left him in a dire financial situation. By 31 October 2023 his lia...
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MRL3701 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 - DUE 9 April 2024
- Exam (elaborations) • 4 pages • 2024
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MRL3701 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 - DUE 9 April 2024 100% TRUSTED workings, explanations and solutions. ..................................................... Wandile owes a total of R3 million to various creditors. His creditors include Zozo to whom he owes R400 000. He also owes R1,3 million to DRG Bank. Last year Wandile invested in a get-rich-quick scheme as a result of which he lost a lot of money. This left him in a dire financial situation. By 31 October 2023 his liab...
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