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LML4807 Assignment 1 (COMPLETE ANSWERS) Semester 1 2024 - DUE 05 April 2024

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LML4807 Assignment 1 (COMPLETE ANSWERS) Semester 1 2024 - DUE 05 April 2024 ... 100 % TRUSTED workings, explanations and solutions. For assistance call or W.h.a.t.s.a.p.p us on +/ 2/ 5/ 4 /7 /7 /9 /5 /4 /0 /1 /3 /2 . Briefly discuss the following prescribed case: Standard Bank of South Africa Ltd v Echo Petroleum 2012 (5) SA 283 (SCA) The allocation of marks for the discussion is as follows: 1. Facts of the case (3) 2. Issue before the court (1) 3. The decision of the court (4) 4. A critical comment on the decision (2) PLEASE NOTE: A CRITICAL COMMENT DOES NOT NECESSARILY MEAN THAT THE COURT CAME TO A WRONG DECISION. IT REQUIRES OF YOU TO PUT THE CASE INTO THE CONTEXT OF YOUR STUDIES THROUGH A MEANINGFUL AND RELEVANT COMMENT. DO PROVIDE YOUR OPINION AS TO WHETHER THE CASE WAS CORRECTLY OR WRONGLY DECIDED. [10]

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LML4807 - Banking Law And Usage









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Andreas Kokkinis, Andrea Miglionico Banking Law
  • 2021
  • 9781000335552
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University of South Africa
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LML4807 - Banking Law And Usage
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  • lml4807 assignment 1 semester 1 2024 due 05 apri

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LML4807
ASSIGNMENT 1 SEMESTER 1 2024

, LML4807 Semester 1

Assignment 01

Submission date and time: 05 April 2024 : 21h00



QUESTION;

Briefly discuss the following prescribed case:

Standard Bank of South Africa Ltd v Echo Petroleum 2012 (5) SA 283 (SCA)



ANS;


1. Facts of the Case

In Standard Bank of South Africa Ltd v Echo Petroleum 2012 (5) SA 283 (SCA), Standard
Bank provided a loan facility to Echo Petroleum. As part of the loan agreement, Echo
Petroleum provided a suretyship in favor of the bank. However, Echo Petroleum
subsequently defaulted on the loan, leading Standard Bank to demand payment from the
surety, which Echo Petroleum resisted.
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