MRL3701 Assignment 2 Semester 1 2024 Detailed Solutions, References & Bibliography Due Date: 9 April 2024 (COMPLETE ANSWERS) 🌟🌟🌟🌟🌟

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MRL3701 Assignment 2 Semester 1 2024 Detailed Solutions, References & Bibliography Due Date: 9 April 2024 (COMPLETE ANSWERS)  

MRL3701 Assignment 02 Semester 01 2024 Complete answers for the questions provided in your assignment. All Questions have been correctly answered and researched. Please use this document as referencing point. Copying is strictly prohibited

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QUESTION 1

a.

In terms of section 8 of the Act, any creditor who is owed more than R100 can apply to court for the compulsory sequestration of the debtor’s estate.

Section 9(1) allows proceedings for the compulsory sequestration of a debtor’s estate. Court must be satisfied that:

· The applicant has established a claim which entitles him, in terms of s9(1) to apply for sequestration of the debtor’s estate.