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Questions and Answers
Which act is regarded as the principle source of South African insolvency law?
Which act is regarded as the principle source of South African insolvency law?
- National Credit Act
- Insolvency Act (correct)
- Magistrates' Courts Act
- Companies Act
What remains the ultimate debt relief for over-indebted consumer debtors in South Africa?
What remains the ultimate debt relief for over-indebted consumer debtors in South Africa?
- Sequestration (correct)
- Informal arrangements
- Debt review
- Administration
Which system introduced by the National Credit Act of 2005 is conducted by a debt counsellor?
Which system introduced by the National Credit Act of 2005 is conducted by a debt counsellor?
- Debt review (correct)
- Informal arrangements
- Sequestration
- Administration
What are the alternatives to sequestration mentioned in the text?
What are the alternatives to sequestration mentioned in the text?
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What has introduced a new model of constitutional democracy in South Africa?
What has introduced a new model of constitutional democracy in South Africa?
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