Business Studies, asked by AdityaSrivastsva, 2 days ago

Discuss the act of insolvency?

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Answered by archnatiwarit

Answer:

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Explanation:

Acts of insolvency mean that a person does something that gives a creditor the opportunity to make application to the High Court to have the person that committed the act to be sequestrated. Without these acts of insolvency, a person cannot be sequestrated.

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