MRL3701 ASSIGNMENT 1 MEMO - SEMESTER 1 - 2024 - UNISA – DUE DATE: - 14 MARCH 2024 (DETAILED REFERENCES)
21 views 1 purchase
Course
Insolvency Law
Institution
University Of South Africa (Unisa)
Book
Hockly\'s Insolvency Law
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 commi...
MRL3701 ASSIGNMENT 1 MEMO - SEMESTER 1 - 2024 - UNISA – DUE DATE: - 14 MARCH 2024 (INCLUDES FOOTNOTES AND BIBLIOGRAPHY)
MRL3701 EXAM PACK 2023
MRL3701 EXAM PACK 2022
All for this textbook (4)
Written for
University of South Africa (Unisa)
Insolvency Law
All documents for this subject (64)
Seller
Follow
StudySmartTutor
Reviews received
Content preview
STUDY SMART TUTORS
SEMESTER 1 2024 UNISA
MRL3701 ASSIGNMENT 1
INSOLVENCY LAW
UNIQUE NUMBER: - 686262
DUE DATE: - 14 MARCH 2024
INCLUDES FOOTNOTES AND/OR
BIBLIOGRAPY
See page 1 for preview.
Disclaimer
Extreme care has been used by our Tutors to draft this
document, however the contents are provided “as is”
without any representations or warranties, express or
implied. 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 without prior written
permission from the Author. – STUDY SMART TUTORS
, 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. 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)
a. TRUE –
An act of insolvency committed by a spouse married in community of property operates as an
act of insolvency by the guilty spouse. In a community of property marriage, the financial
affairs of both spouses are intertwined, and an act of insolvency by one spouse affects the
joint estate.1
1
Insolvency Act 24 of 1936
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller StudySmartTutor. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.76. You're not tied to anything after your purchase.
