Mrl3701 Exam Pack 2023

first {Ans: After receiving a final sequestration order the Master must immediately convene (cause to come together) a _____ meeting of creditors by notice in the gov gazette}abandonment {Ans: According to section 2 of the Insolvency Act 24 of 1936, the term 'disposition' includes , amongst others, a transfer or ______ of rights to property}order of court {Ans: the term disposition does not include a disposition made in compliance with an ______}true {Ans: Brian commits an act of insolvency when he sends his Rolex watch to his sister in Australia so that it will not be available to pay the R200 000 that he owes Carl.}written {Ans: A debtor may not, without the ____ consent of the trustee enter into a contract which adversely affects his estate}creditors; court order {Ans: formal defect in an application for sequestration will be fatal if the defect causes a substantial injustice to ................................................... and that prejudice cannot be put right by a ...............................................}preference {Ans: The ‗free residue' is defined as that portion of the estate which is not subject to any right of _____________ by reason of any special mortgage, legal hypothec, pledge, or right of retention.}trustee