Trifles test - Study guides, Class notes & Summaries
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MRL3701 STUDY SUMMARY NOTES WITH QUESTIONS.
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MRL3701 STUDY SUMMARY NOTES WITH QUESTIONS. 
This is an all-inclusive and a complete guide to MRL3701 - Insolvency Law 
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 va...
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