Magnum Financial Holdings v Summerly
id:
magnum-financial-holdings-v-summerly-324-3907113
title:
Magnum Financial Holdings v Summerly
text:
In Magnum Financial Holdings (Pty) Ltd v Summerly, an important case in South African insolvency law, the question to be decided was whether the trust before the court was susceptible of sequestration. This depended on whether it was a “debtor” as defined in section 2 of the Act. The court held that, because the trust could, through its trustees, acquire property and incur liabilities, and because it was not a body corporate as contemplated by section 2, it fell within the meaning of the term “d
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Magnum_Financial_Holdings_v_Summerly
date created:
date modified:
2022-04-27T06:34:22Z
main entity:
{"identifier":"Q16940509","url":"https://www.wikidata.org/entity/Q16940509"}
image:
fields total:
13
integrity:
13