Question

In regard to the law of insolvency, discuss compulsory sequestration

Answer 1

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• In terms of section 8(g) a debtor commits an act of insolvency if s/ he gives notice in writing to any of his or her creditors that s/he is unable to pay. any of his or her debts. This act of insolvency is often applied as a means by which. to obtain a so-called 'friendly sequestration'.

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