100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
MRL3701 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 - DUE 13 September 2024 R46,97   Add to cart

Exam (elaborations)

MRL3701 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 - DUE 13 September 2024

 27 views  0 purchase

Exam study book Hockly's Insolvency Law Casebook of Harold Edward Hockly, Robert Sharrock - ISBN: 9780702149825 (Guaranteed Success)

Preview 2 out of 7  pages

  • July 20, 2024
  • 7
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:
All documents for this subject (28)
avatar-seller
edwardsokengo
MRL3701
Assignment 2
(COMPLETE
ANSWERS)
Semester 2
2024 - DUE
13 September
2024

, MRL3701 Assignment 2 (COMPLETE ANSWERS)

Semester 2 2024 - DUE 13 September 2024

Simphiwe owes a total of R3 million to various creditors.

His creditors include Tebogo to whom he owes R400 000.

He also owes R1,3 million to BFN Bank. Last year

Simphiwe invested in a get-rich-quick scheme and as a

result he lost a lot of money. This left him in a dire financial

situation. By 31 October 2023 his liabilities exceeded his

assets by R800 000. Over the past few months Simphiwe

has failed to pay some of his debts. In particular he failed

to pay the R400 000 he owes to Tebogo. This debt was

due and payable on 1 February 2024. Disappointed at not

having been paid back the R400 000 owed to her, Tebogo

undertook an investigation into Simphiwe’s financial

situation. The investigation turned up unassailable proof

that Simphiwe had owed R100 000 to his father-in-law,

and that Simphiwe repaid R80 000 to his father-in-law on 3

For assistance whatsapp +254702715801

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

Quick and easy check-out

You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

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 this summary from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller edwardsokengo. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for R46,97. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

73243 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 14 years now

Start selling
R46,97
  • (0)
  Buy now