Mrl3701 notes Study guides, Class notes & Summaries
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MRL3701 - Latest Exam Answers/Elaborations - 2023 (Oct/Nov) - Insolvency Law
- Exam (elaborations) • 95 pages • 2023
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MRL3701 - 2023 Exam Notes 
 
Includes Questions & Answers, Elaborations, Accurately Summarised Notes etc...
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MRL3701 EXAM PACK 2024
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MRL3701 Latest exam pack questions and answers and summarized notes for exam preparation. Updated for 2024 exams . For assistance Whats-App.0.6.7..1.7.1..1.7.3.9 . All the best on your exams!!
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INSOLVENCY LAW_ MRL3701 SUMMARY NOTES WITH QUESTIONS
- Summary • 93 pages • 2022
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INSOLVENCY LAW_ 
MRL3701 SUMMARY 
NOTES WITH 
QUESTIONS. Study unit 1: Introduction to Insolvency Law 
Case Law: 
NB: Magnum Financial Holdings (Pty) Ltd (in Liquidation) v Summerly and another 
NNO 1984 (1) SA 160 (W) 
Meaning of “insolvency” 
Common meaning – a person is insolvent when he is unable to pay his debts, however, 
The legal test for insolvency is whether the debtor's liabilities, fairly estimated, exceed his 
assets, fairly valued. The inability to pay debts Is merely eviden...
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MRL3701 - STUDY NOTES UNIT 4 COMPULSORY SEQUESTRATION
- Summary • 20 pages • 2023
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APPLICANT ENTITLED TO APPLY IN TERMS OF s9(1) 
Proceedings for the compulsory sequestration of debtors estate to be instituted by: 
a. creditor or his agent who has a liquidated claim against the debtor for not less than R100 
b. two or more creditors or their agents who have liquidated claims against the debtor amounting, 
in aggregate, to not less than R200. 
Agent must be authorised to do so prior to bringing the application. Applicants lack of authority 
cannot be cured by ratification once ...
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MRL3701 EXAM PACK ANSWERS (2021 -2014) AND 2021 BRIEF NOTES
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MRL3701 EXAM PACK ANSWERS (2021 -2014) AND 2021 BRIEF NOTES
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MRL3701 EXAM PACK 2023 LATEST QUESTIONS AND ANSWERS
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MRL3701 
EXAM PACK 
2023 
LATEST QUESTIONS 
AND ANSWERS 
 
MRL3701 
EXAM PACK 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revision PACK 
Questions. Answers 
 
 
 
NOTES 
Insolvency Law 
MRL301-M 
 
 
 
1.	INTRODUCTION TO INSOLVENCY LAW 
1.1.	Meaning of “insolvency” 
Section 2 of the Insolvency Act, 24 of 1936 (“Act”) – Definitions 
'insolvent' when used as a noun, means a debtor whose estate is under sequestration and includes such ...
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MRL3701 EXAM PACK ANSWERS AND 2021 BRIEF NOTES
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MRL3701 EXAM PACK ANSWERS AND 2021 BRIEF NOTES.ENCY LAW (MERCANTILE LAW 1 MODULE 3701) 
Duration : 2 Hours 100 Marks 
QUESTION 1 
Fill in the missing words or word: 
(a) A debtor’s estate is sequestrated, not the debtor himself. (2) 
(b) The debtor need not have ordinarily resided or carried on business for the entire 12 
months preceding the sequestration application: ordinary residence or conduct of 
business at any time during that period suffices. (2) 
(c) Free residue’ is defined in s 2...
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MRL3701
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MRL3701 EXAM PACK ANSWERS AND 2021 BRIEF NOTESSection 2 of Act – Definitions 
'debtor', in connection with the sequestration of the debtor's estate, means a person or a 
partnership or the estate of a person or partnership which is a debtor in the usual sense of the 
word, except a body corporate or a company or other association of persons which may be placed 
in liquidation under the law relating to Companies. 
A body corporate established in terms of the Sectional Titles Act, 95 of 2986,...
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MRL3701 Insolvency law study notes
- Exam (elaborations) • 144 pages • 2021
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MRL3701 Insolvency law study notes
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MRL3701-INSOLVENCY LAW SUMMARY NOTES .
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MRL3701-INSOLVENCY LAW SUMMARY NOTES . STUDY UNIT 1 INTRODUCTION TO INSOLVENCY LAW 
Identify the problem faced by the court in Magnum Financial Holdings. 
The only problem before the court was whether a trust could, at law, be sequestrated. 
Summarise the authority which the court relied on to solve the problem which it 
faced. 
No South African case seemed to have dealt with whether a trust could be 
sequestrated in terms of section 9(1) read with the definition of “debtor” in section 2 of ...
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