QUESTION 7

Seven marks will be allocated for discussion. Three marks will be allocated for skill of applying the provisions of s21 to the facts (Marks:20) Question 7 Junaid and Sumaya are married to each out of community of property in terms of the accrual system. When the couple married, their estates consisted of the following: Sumaya Junaid House 500,000 Car 120,000 Bond 400,000 Student loan 50,000 Student loan 120,000 Shares 10,000 During the marriage: Junaid inherited a house from his father valued at Rimillion. Sumaya received compensation for injuries she sustained in the sum of R40,000 for medical expenses and R500,000 for pain and suffering. At the time of the divorce, Sumaya's estate was worth R2,000,000 (two million) and Junaid's estate was worth R3,000,000 (three million). (7) Calculate the following: Net commencement value of each spouse. Q.7.1 (8) Q.7.2 Each spouses' accrual. (1) Q.7.3 Which spouse is entitled to the accrual claim? (4) Q.7.4 Division of the accrual. END OF PAPER Page 10 of 10 The Independent Institute of Education (Pty) Ltd 2021 Seven marks will be allocated for discussion. Three marks will be allocated for skill of applying the provisions of s21 to the facts (Marks:20) Question 7 Junaid and Sumaya are married to each out of community of property in terms of the accrual system. When the couple married, their estates consisted of the following: Sumaya Junaid House 500,000 Car 120,000 Bond 400,000 Student loan 50,000 Student loan 120,000 Shares 10,000 During the marriage: Junaid inherited a house from his father valued at Rimillion. Sumaya received compensation for injuries she sustained in the sum of R40,000 for medical expenses and R500,000 for pain and suffering. At the time of the divorce, Sumaya's estate was worth R2,000,000 (two million) and Junaid's estate was worth R3,000,000 (three million). (7) Calculate the following: Net commencement value of each spouse. Q.7.1 (8) Q.7.2 Each spouses' accrual. (1) Q.7.3 Which spouse is entitled to the accrual claim? (4) Q.7.4 Division of the accrual. END OF PAPER Page 10 of 10 The Independent Institute of Education (Pty) Ltd 2021