MRL3701 Study guides, Class notes & Summaries

MRL3701 WITH 167 ACCURATE 100% QUESTIONS AND ANSWERS

MRL3701 Assignment 2 Due 13 April 2024 WINDING UP MEANS - ans -essentially the procedure by which a company's assets are sold, its debts are paid, and any money left over is divided amongst the shareholders according to their rights. WINDING UP OF COMPANIES IS REGULATED BY THE FOLLOWING LEGISLATIVE PROVISIONS - ans -1. Section 79 - 81 of the Companies Act 71. Winding up of solvent companies 2. Chapter 14 of the Companies Act. 3. Various provision of the Insolvency Act. MODES OF WIN...

MRL3701EXAM QUESTIONS AND ANSWERS. .-ANSWER-According to section ____ of the Insolvency Act, it is an act of insolvency if a debtor gives notice in writing to a creditor that he is unable to pay one or more of his debts .abandonment - ANSWER-According to section 2 of the Insolvency Act 24 of 1936, the term ‘disposition’ includes , amongst others, a tra...

MRL3701 Assignment 2 Due 13 April 2024 WINDING UP MEANS - ans -essentially the procedure by which a company's assets are sold, its debts are paid, and any money left over is divided amongst the shareholders according to their rights. WINDING UP OF COMPANIES IS REGULATED BY THE FOLLOWING LEGISLATIVE PROVISIONS - ans -1. Section 79 - 81 of the Companies Act 71. Winding up of solvent companies 2. Chapter 14 of the Companies Act. 3. Various provision of the Insolvency Act. MODES OF WIN...

MRL3701 Assignment Semester 1 2024. MRL3701 Assignment Semester 1 2024

What is the definition of a “debtor” in terms of the Insolvency Act 24 of 1936? (4) A debtor means a person or a partnership or the estate of a person or a 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. What is the purpose of a notice of surrender? (2) The purpose of the notice of surrender is to alert creditors as to the intended ap...

MRL3701 LATEST EXAM PACK. VERIFIED Q AND A. MRL 3701 OCTOBER/NOVEMBER 2018 QUESTION 1 a) Inability to pay debts is, at most merely evidence of insolvency. (page 3) b) Brenda’s application for voluntary surrender must be set out the causes of her insolvency in some detail to enable the court to determine whether the application is ......................... c) Christopher commits an act of insolvency by departing from his dwelling with the intent by doing so to evade payment ...

MRL3701 Assignment 3 Semester 1 2024 Answers. Accurate and reliable solutions!

person's Correct Answers The terms sequestration and sequestration order should stritly be used only with reference to a ____ estate personal Correct Answers In Ex Parte Henning, the statement of affairs that lay for inspection did not contain the ____ information 8(g) Correct Answers According to section ____ of the Insolvency Act, it is an act of insolvency if a debtor gives notice in writing to a creditor that he is unable to pay one or more of his debts written Correct Answers A de...

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 ...