, MRL3701 Assignment 2 (COMPLETE ANSWERS)
Semester 1 2025 - DUE 13 May 2025; 100% TRUSTED
Complete, trusted solutions and explanations.
Kalebo approaches you for advice. He informs you that his
brother, Benson, owes him R24 000 for gardening services
rendered by his company. Dumisani explains to you that despite
various attempts to get Benson to pay his debts, he has yet to
make any payment. Dumisani is especially upset because he has
heard a rumor that Benson and his wife has apparently now
relocated their home from Johannesburg to Cape Town because
his wife is ill and needs medical treatment at a care facility in
Stellenbosch. Dumisani wants to know from you whether you
can assist him to apply for the complusory sequestration of
Benson’s estate, because his brother has fled from his home and
therefore his responsibilites. Refer to the relevant act of
insolvency, including a reference to the relevant legislation.
Kabelo's estate estate was sequestrated in 2005. His concurrent
creditors received no dividend and even had to pay
contributions. has not yet been rehabilitated. He has just won a
motorcar to the value of R150 000 in a competition. The trustee
of D’s insolvent estate has heard about his good fortune and
claims delivery of the car. Explain to whether he has to deliver
the car to the trustee or whether there is any possibility that he
could keep it for himself. With reference to impeachable
dispositions, discuss the difference between the trustee’s powers
under section 30 and section 29 of the Insolvency Act 24 of
1936. Kabelo's estate was sequestrated in 2021 and he has not
yet been rehabilitated. Dennis was appointed as the trustee of the
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