A +
QUESTION 1
Find the case of Global & Local Investment Advisors (Pty) Ltd v Fouche (71/2019 [2020]
ZASCA 8; 2021 (1) SA 371 SCA (18 March 2020) and summarize it in the prescribed format
(facts, legal question, reasons for the findings and the findings).
FACTS
Global and Local Investments Advisors (Pty) Ltd (“the Appellant”), a financial services provider,
was authorised to invest and manage money entrusted by Nickolaus Ludick Fouche (“the
Respondent”). The Appellant’s role is to open accounts for its clients at Investec and then manage
such accounts for a fee expressed as a percentage of the funds invested. On 23 November 2015,
the Respondent gave a written mandate to the Appellant to act as his agent and invest money
with Investec Bank on his behalf (“the Mandate”). The mandate specifically stipulated that all
instructions by the Respondent would be sent by fax or by email with the Respondent’s signature.
DISTINCTION Footnotes and/or Bibliography
GUARANTEED!!! included. *
Disclaimer
Extreme care has been used by our Tutors to draft this document, however the contents are provided “as is” without any representations or warranties, express or implied.
This document is to be used for comparison, research, and reference purposes ONLY. No part of this document may be reproduced, resold, or transmitted in any form or by
any means without prior written permission from the Author. By making use of this document, you agree to fully accept the consequences should you plagiarise or misuse
this document. – STUDY BUDDY TUTOR SA
PAST PAPERS & MEMOS, ASSIGNMENT MEMOS, NOTES, SUMMARIES & TUITONS.
Cell: 074 074 3729 Email: studybuddytutorsa@gmail.com
