Other
Assignment
- Institution
- University Of South Africa (Unisa)
Stuvia
[Show more]
Content preview
FAC1503 ASSIGNMENT 4 FOR 2023 -Distinction Obtained
written by
FENDTUTORIALS
www.stuvia.com
Downloaded by: psmatlala | psmatlala@gmail.com Want to earn
Distribution of this document is illegal R13,625 per year?
, Stuvia.com - The study-notes marketplace
FAC1503
ASSIGNMENT 4 FOR SEMESTER 1 2023
FEND TUTORIALS
Downloaded by: psmatlala | psmatlala@gmail.com Want to earn
Distribution of this document is illegal R13,625 per year?
, Stuvia.com - The study-notes marketplace
Dashboard
Courses
UNISA
2023
Semester 1
FAC1503-23-S1
Welcome Message
Assessment 4
Time left 0:43:42
Question 2
Not yet answered
Marked out of 1.00
Flag question
Question text
An investment made in terms of section 86(3) of the LPA remain part of the entrusted
monies and are recorded as such in the trust accounting records of the legal practice. These
investments enjoy protection from the Legal Practitioners Fidelity Fund.
Select one:
True
False
Question 3
Not yet answered
WhatsApp 0631738181
Downloaded by: psmatlala | psmatlala@gmail.com Want to earn
Distribution of this document is illegal R13,625 per year?
, Stuvia.com - The study-notes marketplace
Marked out of 1.00
Flag question
Question text
A trust creditors’ account is opened for each client, as we owe the funds of the client when
they become due therefore, they are known as trust creditors.
Select one:
True
False
Question 4
Not yet answered
Marked out of 3.00
Flag question
Question text
The senior partner in the legal firm, SA Attorneys, instructed A South from West Attorneys
to act on his behalf in the matter between C Natal and E North. C Natal instituted a claim
against E North for damages incurred in an accident due to negligent driving. However,
before the case served before the court, the parties settled on an amount of R231 000
payable by E North to C Natal. E North immediately paid the amount into the trust bank
account of West Attorneys.
SA Attorneys received the following statement from West Attorneys at 31 May 2022:
Account statement
WEST ATTORNEYS
SA ATTORNEYS
PO Box 4000 PO Box 253
WhatsApp 0631738181
Downloaded by: psmatlala | psmatlala@gmail.com Want to earn
Distribution of this document is illegal R13,625 per year?
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller psmatlala. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R133,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
53068 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now