Solvency Samenvattingen, Aantekeningen en Examens

Question 2 of 21 1.0 Points Which stakeholders have the first claim on assets when a organisation enters bankruptcy?  A. Creditors  B. Top management  C. Debtors  D. Shareholders Answer Key:A Question 3 of 21 1.0 Points The long-term financial goal of the firm may be achieved by ...  A. maximising revenue and minimising expenses.  B. minimising the cost of capital and maximising the internal rate of return (IRR).  C. maximising the assets relative to the ...

Question 1 1.1 Identify the problem / issue that was faced by the court in Magnum Financial Holdings (Pty) Ltd (in liquidation) v Summerly and another NNO 1984 (1) SA 160 (W) and give reasons why the court in this case was satisfied that the applicants had made out a case for the relief sought. (5) 1.2 Dumisani 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 attemp...

CT LIFE & HEALTH INSURANCE EXAM 2024 (XCEL SOLUTIONS & PROMETRIC) QUESTIONS AND ANSWERS SOLVED 100% CORRECT!! Laura added a children's rider to her life insurance policy. What type of coverage was added? Answer - Level term With life insurance, the needs approach is used primarily in determining Answer - How much life insurance a client should apply for A(n) is a licensee who charges a fee for contracted insurance advisory services. Answer - Consultant Jonas is covered with disabi...

MRL3701 (Insolvency Law) Assignment 1 solutions for Semester 1 (2023). (Guaranteed Pass). All the best with your study year. This assignment will help you a great deal, the instructions given have been followed and the correct articles researched with the prescribed book: The Law of Contract in South Africa. Hutchison, D. (To be used as a Guideline). QUESTION: Critically discuss the case of Amod v Khan 1947 (2) SA 432 (N) with reference to the relevant legislation.

P completes an application for a $10,000 life policy, but does not give the producer the initial premium. P's coverage becomes effective when P receives the policy and pays the premium A potential client, age 40, would like to purchase a Whole Life policy that will accumulate cash value at a faster rate in the early years of the policy. Which of these statements made by the producer would be carrer? 20-Pay Life accumulates cash value faster than Straight Life How does an indexed...

NACE CIP 1 CBT Exam Questions With Verified Answers New Update 2023 | 2024 (Graded A+) How is the process of steel corrosion ALWAYS described? - Answer - electrochemical Based on the galvanic series presented in the NACE CIP Level 1 Manual, which three can be used effectively as galvanic anodes for carbon steel? - Answer - zinc, aluminum, magnesium A decrease in temperature will generally cause the corrosion rate to _____ - Answer - decrease The electrolyte is a medium which carries the fo...

Contains ALL prescribed content for the test and exam including summaries of prescribed cases & prescribed reading material.

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...

Multi-Line Insurers - CORRECT ANSWER-________-______ Insurers are insurance carriers that offer more than one line of insurance. False - CORRECT ANSWER-True or False? Stock Insurance Companies are "participating" in that the policyholders receive dividends. Attorney-In-Fact - CORRECT ANSWER-Reciprocal Insurers are managed by an ___________________. Association - CORRECT ANSWER-Contrary to popular opinion, Lloyd's of London is not an insurer but rather an ____________. Limits Catas...

Question 1 1.1 Explain the concept "concursus creditorum" as well as what it presupposes. (5) 1.2 ABC Ltd is a British company that owns property which is lying in a warehouse in Cape Town harbour. ABC Ltd does not have a place of business in South Africa. Will the Western Cape High Court, Cape Town, have jurisdiction to sequestrate ABC Ltd.’s estate? (5) 1.3 Fred approaches you for advice. He informs you that Jenna owes him R24 000 for cleaning services rendered by his company. Fred expl...