Answer to Question #192225 in Law for mulalo

Question

Mr and Mrs Monama married subject to the accrual system in 2010. They divorced last week. When they married, Mr Monama had a study debt of R10 000 and no assets, while Mrs Monama had cash savings in the amount of R10 000 and no debts. Mrs Monama’s cash savings were declared in the spouses’ antenuptial contract. Suppose that, according to the weighted average of the consumer price index, money was worth twice as much at the commencement of the marriage as at its dissolution. Answer the following questions:

(i) What amount must be used as the commencement value of Mr Monama’s estate at the time of the divorce? Briefly explain your answer.

(ii) What amount must be used as the commencement value of Mrs Monama’s estate at the time of the divorce? Briefly explain your answer. (2)

Answer 1

Dear mulalo, your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order