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Difference between revisions of "Creditors' Remedies against Debtors (10:III)"

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'''Sections 71(2) and (3) set out three exceptions to the personal property exemptions provided in s 71(1) of the ''COEA'':'''  
'''Sections 71(2) and (3) set out three exceptions to the personal property exemptions provided in s 71(1) of the ''COEA'':'''  
*a) the debtor cannot exempt goods identical to the goods that were the subject of the contract in question; and
*a) the debtor cannot exempt goods identical to the goods that were the subject of the contract in question;  
*b) a trader cannot claim any goods that are part of their stock-in-trades.
*b) a trader cannot claim any goods that are part of their stock-in-trades; and
*c) Corporate debtors cannot avail themselves of the personal property exemption.  
*c) Corporate debtors cannot avail themselves of the personal property exemption.  


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