Affordability Assessments in terms of the National Credit Act
The National Credit Act requires a credit provider to conduct an affordability assessment before entering into a credit agreement with a consumer. Failure to conduct this assessment properly (or at all) will make the credit provider guilty of reckless credit and...
When does a Power of Attorney Lapse?
ASSISTED DECISION MAKING An adult with full contractual capacity is entitled to make decisions about his/her personal welfare, financial affairs and medical treatment. An adult who does not have full contractual capacity (whether through mental illness, intellectual...
Sellers Beware!
Is a seller at risk for liability for commission to two agents? The Supreme Court of Appeal (“SCA”) case of Wakefields Real Estate v Attree (666/10) [2011] ZASCA 160 raises concerns regarding a seller’s liability for estate agents commission to more than one estate...