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LML4806 Assignment 1 (ANSWERS) Semester 2 2023 - GUARANTEED DISTINCTION Good grades. R61,92   Add to cart
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  5. COMPANY LAW LML4806

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LML4806 Assignment 1 (ANSWERS) Semester 2 2023 - GUARANTEED DISTINCTION Good grades.

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LML4806 Assignment 1 (ANSWERS) Semester 2 2023 - GUARANTEED DISTINCTION Good grades. +068 for assistance Carefully read the case below, from your prescribed reading list, and answer the following questions: Joint Stock v Absa Bank 2008 (4) SA 287 (SCA) The allocation of marks for this ca...

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  • July 25, 2023
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  • 2022/2023
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LML4806 Assignment 1
(ANSWERS) Semester 2 2023 -
GUARANTEED DISTINCTION
Good grades.



Whatsapp +254740539068 for assistance

, Carefully read the case below, from your prescribed reading list, and answer the following

questions:


Joint Stock v Absa Bank 2008 (4) SA 287 (SCA)


The allocation of marks for this case discussion is as follows:


1. Briefly outline the key facts of the case (3)


In the case of Joint Stock v Absa Bank 2008 (4) SA 287 (SCA), the key facts and main arguments

by the concerned parties are as follows:


Key Facts:


 Joint Stock, the appellant, was a company that had entered into a loan agreement with

Absa Bank, the respondent.


 The loan agreement contained a clause that allowed Absa Bank to terminate the

agreement and demand immediate repayment if Joint Stock failed to meet certain

financial ratios.


 Joint Stock failed to meet the financial ratios, and Absa Bank terminated the loan

agreement and demanded immediate repayment.


 Joint Stock argued that the termination clause was unfair and unreasonable.


2. What were the main arguments by the concerned parties (2)

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