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.
(c) Fill in the missing words in the sentence below.
The matrimonial property system which provides that the spouses are married out of community of property and out of community of profit and loss with exclusion of the accrual system is called _______________________________________ (four words).
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