Discuss the following act of insolvency with reference to cases;

1.1)Absence from republic or dwelling {9 marks}

1.2) Failure to apply for surrender { 9 marks]

2.1) An unrehabilitated insolvent is disqualified from holding large number of positions, what are those? (12 MARKS)

2.2) Mario takes out life insurance policy in July 2014. The estate of Mario is finally sequestrated in December 2016. The value of the policy is R70000 at the time. Advise Mario on weather the money forms part of his insolvent estate. {10 MARKS)

3. Discuss the legal position in regard to friendly sequestrations with specific reference to notice of inability to pay as an act of insolvency and the decision of Mthimkhulu v Rampersad (BOE Bank Ltd, intervening creditors) 2000 3 All SA 512 (N) {10 MARKS}