MRL3701
Insolvency Law Department of Mercantile Law
Assessment 1 Semester 1 - 2026
DUE DATE: 2 March 2026
N. B PARAPHRASE YOUR WORK TO AVOID PLARARISM (CAHNGE WORDS)
(a) Voidable Preference
A voidable preference refers to a transaction entered into by a debtor before
sequestration which has the effect of favouring one creditor above others at a
time when the debtor is factually insolvent. This is regulated by section 29 of
the Insolvency Act 24 of 1936. The purpose of this provision is to ensure
Insolvency Law Department of Mercantile Law
Assessment 1 Semester 1 - 2026
DUE DATE: 2 March 2026
N. B PARAPHRASE YOUR WORK TO AVOID PLARARISM (CAHNGE WORDS)
(a) Voidable Preference
A voidable preference refers to a transaction entered into by a debtor before
sequestration which has the effect of favouring one creditor above others at a
time when the debtor is factually insolvent. This is regulated by section 29 of
the Insolvency Act 24 of 1936. The purpose of this provision is to ensure
