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LML4807 Assignment 1 (ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED $2.80
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  3. University Of South Africa (Unisa)
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  5. Banking Law and Usage (LML4807)

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LML4807 Assignment 1 (ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED
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  • Course
  • Banking Law and Usage (LML4807)
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  • University Of South Africa (Unisa)
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  • An Introduction to South African Banking and Credit Law

Well-structured LML4807 Assignment 1 (ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!)..... Briefly discuss the following prescribed case: Durr v ABSA Bank and Another 1997 (3) SA 448 (SCA) The allocation of marks for the discussion is as follows: ...

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  • August 5, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • lml4807

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LML4807
Assignment 1 Semester 2 2024
Unique Number:
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
DISCLAIMER
Stuart&for
TERMS OF USE claiming that the advice given was inadequate and lacked the necessary
negligence,
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