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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