Read the following and answer the questions that follow. Mr Peppercorn was born and raised in Greece. He arrived in South Africa in 2019 with a small fortune. He intended starting a business manufacturing brass scissors. In 2020 when COVID appeared in South Africa Mr Peppercorn was unable to trade as a result of the lockdown. Mr Peppercorn had numerous creditors, but he only settled one creditor who was his brother, thereafter he was "penniless". List and discuss 8 acts of insolvency with Mr Peppercorn and advise him which act of insolvency applies to him.