LML4807 assignment 1 second semester 2023 due

Carefully read the case below, from your prescribed reading list, and answer the following questions: Joint Stock v Absa Bank 2008 (4) SA 287 (SCA) The allocation of marks for this case discussion is as follows: 1. Briefly outline the key facts of the case (3) 2. What were the main arguments by the concerned parties (2) 3. Summarise the decision of the court (meaning the reasons for the decision of the court) (4) 4. Provide your critical comment on this decision, in particular the finding by Cachalia JA in respect of the knowledge of the bank (your own opinion on whether the court correctly interpreted the law) (1) Your answer to the above questions should not exceed three pages (hand-written or typed). Answers to this assignment question must be submitted on MyUnisa as your assignment 1. Joint Stock v Absa Bank 2008 (4) SA 287 (SCA) 1. Key facts of the case: The case of Joint Stock v Absa Bank involves a dispute between the Joint Stock Company and Absa Bank. Joint Stock had a current account with Absa Bank, and they deposited a cheque into their account. However, the cheque was later dishonored by the payor bank due to insufficient funds. Joint Stock claimed that Absa Bank had committed a breach of contract and negligence by allowing them to deposit a cheque that ultimately bounced. Absa Bank argued...