LML4807 Assignment 1 (COMPLETE ANSWERS) Semester 2 2024 - DUE 9 September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. For assistance, Whats-App 0.6.7-1.7.1-1.7.3.9. Ensure your success with us.Briefly discuss the following prescribed case:
Durr v ABSA Bank and Another 1997 (3...
Due Date: 9 September 2024
3 DIFFERENT ANSWERS PROVIDED
Durr v ABSA Bank and Another 1997 (3) SA 448 (SCA)
In the case of Durr v ABSA Bank and Another, the appellant, Valerie Elsie Cornwell Purr
(referred to as Mrs. Durr), sought investment advice from Mr. Myles Stuart, an investment
advisor employed by ABSA Bank. Mrs. Durr and her family members followed Stuart’s
advice and invested significant sums of money in debentures and preference shares of a
company called Supreme. The investments ultimately proved disastrous, leading to
substantial financial losses. Mrs. Durr, acting on behalf of herself and her family members,
sued ABSA Bank and Stuart for negligence, claiming that the advice given was
inadequate and lacked the necessary skill and care expected of an expert investment
advisor.
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