Solvency Study guides, Class notes & Summaries

This document contains workings, explanations and solutions to the FAC1601 Assignment 3 (QUALITY ANSWERS) Semester 1 2024. For assistance call or us on 0.6.8..8.1.2..0.9.3.4...... Question 1 Not yet answered Marked out of 3.00 QUIZ This information relates to questions 1 - 5 below: A profi table cattle feed production company, Tswelelopele Ltd, was incorporated with an authorised share capital of 900,000 NPV ordinary shares and 600,000 6.5% preference shares. The company's fi nancial yea...

Insolvency Law Assignment 2 solutions.

FLORIDA LIFE INSURANCE/ ANNUITIES 2-14 STUDY SET EXAM WITH CORRECT ANSWERS Which of the following individuals MUST be licensed as an agent? - CORRECT ANSWER-A person who places insurance on behalf of anyone seeking insurance. Which of the following statements regarding a nonresident insurance agent is CORRECT? - CORRECT ANSWER-The agent must hold a similar license in their state of residence State insurance laws specifically allow the Commissioner(or Director) to issue a temporary...

Insolvency Law (MRL3701) - Exam Questions and Answers Elaborate questions and answers for revision before exams

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...

INSOLVENCY LAW MRL 3701 2020 EXAM PACK QUESTIONS AND ANSWERS FROM2015 TO 2020 MAY 2020 Q & A NOV 2019 Q & A MAY 2019 Q & A OCT 2018 Q & A MAY 2018 Q & A NOV 2017 -Q & A NOV 2016 Q & A JUNE 2016 Q & A NOV 2015 Q & A MRL 3701 2020 – MAY / JUNE EXAMINATION PAPER Question 1 Fill in the missing words: (a) The term "debtor" also embraces a person who is incapable of managing his own affairs. (2) (b) Thabo’s application for voluntary surrender must contain an allegation that i...

Mutually owned co-operative financial institutions offering benefits to members through a trust-like structure" describes which type of Insurer/Fund Manager? - Answer- Friendly Society Which is the decision-making process of framing? - Answer- To remove the 'noise' from an issue to allow us to see the problem for what it is Under the RG271 what is the maximum timeframes for IDR response for a Superannuation trustee complaints? - Answer- 45 days after receiving the complaint In the se...

LML4806 Combined TL 2013- 2021. LML4806/201/2/2013 Tutorial letter 201/2/2013 Company Law LML4806 Semester 2 Department of Mercantile Law IMPORTANT INFORMATION: This tutorial letter contains important information about your module. This study source was downloaded by from CourseH on 06-11-2022 06:53:14 GMT -05:00 2 Dear Student, By now you should have received the following tutorial letters: 1 Tutorial Letter 101/2013 2 Tutorial Letter 102/2013 3 Tutorial Letter 103/2013 CONT...

MRL3701 INSOLVENCY LAW JAN/FEB 2022 EXAM. QUESTION 1 1.1 Epstein v Epstein 1987 (4) SA 606 (C) Legal Question – is “friendly/ cordial sequestration blocked from a temporary sequestration request being granted? Facts – the candidate in an application for temporary sequestration request was the respondent’s mother, whom he owed R6000.00 and to whom he composed a letter advising her of his inability to reimburse her credit, subsequently submitting a demonstration of bankruptcy. The r...

MRL3701 - 2023 Exam Notes Includes Questions & Answers, Elaborations, Accurately Summarised Notes etc...