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MRL3701 Assignment 2 (ANSWERS) Semester 1 2025 - DISTINCTION GUARANTEED R50,00
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  3. University Of South Africa (Unisa)
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  5. Insolvency Law (MRL3701)

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MRL3701 Assignment 2 (ANSWERS) Semester 1 2025 - DISTINCTION GUARANTEED
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  • January 25, 2025
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MRL3701
Assignment 2 Semester 1 2025
Unique Number:
Due Date: 13 May 2025
QUESTION 1 (3 ANSWERS PROVIDED)

Since Kabelo’s estate has been sequestrated and he has not yet been rehabilitated, the

motor vehicle he won in a competition forms part of the insolvent estate. Below is a

detailed explanation of his legal position and the options available to him.

Section 20 of the Insolvency Act

Section 20(1) provides that upon sequestration, the insolvent is divested of their estate,

and the control of all their assets vests in the trustee of the estate. Furthermore, Section

20(2) makes it clear that assets acquired by the insolvent during sequestration (i.e., before

rehabilitation) also form part of the insolvent estate.




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