Insolvency law exam pack - Study guides, Class notes & Summaries

MRL3701 EXAM PACK. 100% CORRECT questions, answers, workings and explanations. Question 1 1.1 Briefly explain what is meant by the concept of “concursus creditorum”. (5) (Your answer must not exceed half a page or 120 words) 1.2 Explain why the court in Ex Parte Arntzen (Nedbank Ltd as Intervening Creditor) 2013 (1) SA 49 (KZP) held that creditors are more vulnerable in voluntary surrender applications than in compulsory sequestration which then gives rise to the requirement of a high...

MRL3701 - Insolvency Law Exam Pack

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 ...

PVL1501 EXAM PACK 2022. Our law recognises associations which comply with the common-law requirements for the recognition of legal personality of juristic persons. Which one of the following entities is not an example of this type of juristic person? [1] A church [2] A trade union [3] A company [4] A political party (2) To comply with common-law requirements for the recognition of legal personality of juristic persons, the following requirements have to be met: The association must have...

MRL 3701 INSOLVENCY LAW EXAM PACK ANSWERS (2019 -2014) AND 2020 BRIEF NOTES 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 doin...

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 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” Everyday language A person is unable to pay his debts = merely evidence of insolvency Legal test of insolvency A debtor’s liabilities, fairly estimated, exceed his assets, fairly valued. A person is...

MRL3701 INSOLVENCY LAW EXAM PACK ANSWERS AND BRIEF NOTES 2021 . 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 as ‘that portion of the estate which is not subject...

Illinois State Law Property/ Casualty insurance LAW, Illinois Casualty Insurance Exam Review, Statutes and Regulations Casualty Insurance Illinois, Property & Casualty IL Law, IL Casualty Insurance Practice Test Questions, (Verified Answers)(Full Solution Pack) DOI time frame for hearing after cease and desist order 20 to 30 days Producer fine for cease and desist violation 100/day up to 5000 Producer fine per violation for refusal to obey unfair trade practice cease and desist order 1,000...