LML4807 ASSIGNMENT 1 MEMO - SEMESTER 1 - 2024 UNISA – DUE DATE: - 5 APRIL 2024 (DETAILED ANSWERS WITH FOOTNOTES AND A BIBLIOGRAPHY - DISTINCTION GUARANTEED!)
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Course
Banking law and usage
Institution
University Of South Africa (Unisa)
LML4807 ASSIGNMENT 1 MEMO - SEMESTER 1 - 2024 UNISA – DUE DATE: - 5 APRIL 2024 (DETAILED ANSWERS WITH FOOTNOTES AND A BIBLIOGRAPHY - DISTINCTION GUARANTEED!)
Briefly discuss the following prescribed case:
Standard Bank of South Africa Ltd v Echo Petroleum 2012 (5) SA 283 (SCA)
The allocation...
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LML4807
BANKING LAW AND USAGE
ASSIGNMENT 1 MEMO
SEMESTER 1 – 2024 - UNISA
UNIQUE NUMBER: - 210537
DUE DATE: - 5 APRIL 2024
Includes Footnotes and/or Bibliography.
ASSIGNMENT PREVIEW
Briefly discuss the following prescribed case:
Standard Bank of South Africa Ltd v Echo Petroleum 2012 (5) SA 283 (SCA)
The allocation of marks for the discussion is as follows:
1. Facts of the case (3)
2. Issue before the court (1)
3. The decision of the court (4)
4. A critical comment on the decision (2)
QUESTIONS CONTINUE…
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Standard Bank of South Africa Ltd v Echo Petroleum 2012 (5)
SA 283 (SCA)
The allocation of marks for the discussion is as follows:
1. Facts of the case (3)
2. Issue before the court (1)
3. The decision of the court (4)
4. A critical comment on the decision (2)
Standard Bank of South Africa Ltd v Echo Petroleum 2012 (5) SA 283 (SCA):
Facts of the case: Standard Bank provided a loan facility to Echo Petroleum. Echo
received funds from a third party, which were intended for purchasing goods. However,
unbeknownst to the third party, Echo was heavily indebted to Standard Bank, which set
off the credit against Echo’s debt.
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