MRL3701 PORTFOLIO MEMO - MAY/JUNE 2024 - SEMESTER 1 - UNISA - DUE DATE :- 20 MAY 2024 (DETAILED ANSWERS WITH FOOTNOTES AND BIBLIOGRAPHY - DISTINCTION GUARANTEED!)
Question 1
1.1 When a debtor is sequestrated, a Master is appointed to administer the estate. Answer
the following questions regar...
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MRL3701
Insolvency law
PORTFOLIO MEMO
SEMESTER 1 – 2024 - UNISA
UNIQUE NUMBER: -
DUE DATE: - 20 MAY 2024
Includes detailed Footnotes and/or Bibliography.
PORTFOLIO PREVIEW
Question 1
1.1 When a debtor is sequestrated, a Master is appointed to administer the estate. Answer
the following questions regarding the appointment of the Master: (5)
(a) In terms of which piece of legislation is the Master appointed? [1]
(b) What is the pivotal role and function of the Master? [2]
(c) What is meant by saying the Master is a “creature o f statute”? [2]QUESTIONS
CONTINUE…..
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1.1 When a debtor is sequestrated, a Master is appointed to administer
the estate. Answer the following questions regarding the appointment
of the Master: (5)
(a) In terms of which piece of legislation is the Master appointed? [1]
1.1 Appointment of the Master:
(a) The Master is appointed in terms of the Administration of Estates Act,
1965 (Act No. 66 of 1965)1.
(b) What is the pivotal role and function of the Master? [2]
b) The pivotal role and function of the Master include regulating the
administration of estates, ensuring that the legal and financial interests of
those affected by the administration of an estate are protected, and
supervising the administration of insolvent estates.
(c) What is meant by saying the Master is a “creature of statute”? [2]
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