True. In South African law, an "act of insolvency" is a specific action that demonstrates a debtor's inability to pay debts as they become due, while "actual insolvency" refers to the overall financial state of being unable to meet financial obligations. Proving that an act of insolvency occurred can be more complex, as it requires evidence of specific behaviors or events that indicate insolvency, whereas actual insolvency can often be established through financial statements and the overall lack of ability to pay debts.
an act of insolvency is more difficult to prove than actual insolvency in south africa
true or false
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1 answer