Asked by Anonymous on 25-04-2024 10:20:07
Question posted in the Consumer Protection Law category relating to Limpopo
The customer may discharge his indebtedness to the bank- either partially or wholly- by paying money or depositing a cheque into the overdraft account. There is authority to the effect that the debt will be discharged even if the funds which the customer deposited into his account were stolen.” With reference to ABSA Bank v Lombard Insurance Co Ltd 2012 (6) SA 569 (SCA), analyse the aforementioned statement, and relate the circumstances under which the discharge of a debt with stolen funds would be regarded as valid. identify the problem apply law of facts and advice or give legal opinion
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