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16 Cards in this Set
- Front
- Back
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mr and mrs x married in COP who can apply for voluntary surrender |
Both spouses |
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The portion of insolvent estate which is not subject to any rights of preference |
Free residue |
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failure to satisfy a --- may be an act of insolvency |
Judgement debt |
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The --- creditor has a to approach the court twice |
sequestrating |
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only a --- has jurisdiction to sequestrate the estate of a person |
Provincial or local high court |
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After what is a master obliged to convene a first meeting |
final sequestration order |
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disposition includes amongst others, a transfer or ----- of rights to property |
abandonment |
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after the completion of ten year period, the trustee may find ---- dispositions |
impeachable |
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The court considered declarity orders in the case of |
voster v steyn |
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Both the making and --- of dispositions must be lawful for it to fall within ordinary business |
Recieving |
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The bond over a ---- must specify the particular piece of land |
immovble |
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The insolvent still retains a ---- in his estate |
revisionary interest |
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On reciept of a final sequestration order the master must convene the first meeting by notice in the |
government gazette |
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Two types of leins |
enrichment debtor and creditor |
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there are - acts of insolvency |
8 |
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an installment agreement is also known as a |
Hire-purchase agreement |
