Mrl3701 Assignment 2 2024

True {Ans: One effect of the principle of the separate legal personality of the company is that the assets and liabilities of the company are the assets and liabilities of the company and not of the members of the company}false {Ans: An act of insolvency includes a disposition made by a debtor which has or would have the effect of prejudicing his or her debtors or preferring one debtor above another (section 8(c) of the Insolvency Act 24 of 1936).}true {Ans: A 'disposition' includes an arrangement by which a party who has agreed to lend money to the insolvent is required to pay the amount of the loan into the bank account of a third person for the purpose of channelling the amount to a creditor of the insolvent}false {Ans: A valid pledge is constituted where there is delivery of immovable property to a creditor on the understanding that it will be retained by him/her until the claim has been satisfied.}equitable {Ans: the main objective of a sequestration order is to secure the just and ____ distribution of a debtor's assets where they are insufficient to meet the claims of all his creditors}dispose {Ans: