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Summary TLI4801 ASSIGNMENT 1 SEMESETER 1 2025

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TLI4801 ASSIGNMENT 1 SEMESETER 1 2025. PASS WITH DISTINCTION. FORTIS PASSUM.










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Uploaded on
March 3, 2025
Number of pages
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Written in
2024/2025
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Summary

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TLI4801 ASSIGNMENT 1 1ST SEMESTER 2025



Due: Friday, 14 March 2025, 8:00 PM




PASS WITH DISTINCTIONS. FORTIS PASSUM

FOR FURTHER ASSISTANCE WITH ECONOMICS, MANAGEMENT, ACCOUNTING,
TAXATION EDUCATION@ LLB MODULES.



CALL/WHATSAAP0816884518/0816884519

EMAIL:



, Question 1(a): Would you advise ADB Cables to use the Provisional Sentence
Procedure to recover the amount owing? Provide reasons for your answer.

Yes, I would advise ADB Cables to use the Provisional Sentence Procedure in a bid to
recover the amount due. The Provisional Sentence Procedure is a quick judicial process
aimed at allowing a creditor to invoke quick judgment on the basis of a liquid document
such as an Acknowledgement of Debt (AOD). The process is proved to be most
efficacious where no dispute over the debt exists and the debt is orally admitted by the
debtor.

Grounds for recommending the Provisional Sentence Procedure:

1. Liquid Document: The AOD signed by Brown Electrical is a liquid document since it
clearly recognizes the debt and amount due. A liquid document is a condition precedent
to provisional sentence proceedings (Standard Bank of South Africa Ltd v ROC Portfolios 101
(Pty) Ltd 2015 (3) SA 105 (SCA)).1

2. Effectiveness and Promptness: Provisional sentence process is more effective than
conventional litigation in the sense that it does not require a complete trial. It is
advantageous to ADB Cables because timely recovery of debt is achieved.

3. Uncontested Debt: As Brown Electrical has already admitted the debt, there remains
no doubt as to whether or not the debt was owed. Therefore, the procedure is correct in
the situation of clear and uncontested debt, and therefore the procedure receives the
name of provisional sentence.

4. Economical: The procedure is more economical than complete litigation because it
excludes lengthy court proceedings and expensive legal fees.




1
(Standard Bank of South Africa Ltd v ROC Portfolios 101 (Pty) Ltd 2015 (3) SA 105 (SCA)).

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