LML4807
Assignment 1 Semester 2 2024
Unique Number:
Due Date: 9 September 2024
3 DIFFERENT ANSWERS PROVIDED
Durr v ABSA Bank and Another 1997 (3) SA 448 (SCA)
In the case of Durr v ABSA Bank and Another, the appellant, Valerie Elsie Cornwell Purr
(referred to as Mrs. Durr), sought investment advice from Mr. Myles Stuart, an investment
advisor employed by ABSA Bank. Mrs. Durr and her family members followed Stuart’s advice
and invested significant sums of money in debentures and preference shares of a company
called Supreme. The investments ultimately proved disastrous, leading to substantial financial
losses. Mrs. Durr, acting on behalf of herself and her family members, sued ABSA Bank and
DISCLAIMER
Stuart&for
TERMS OF USE claiming that the advice given was inadequate and lacked the necessary
negligence,
1. Educational Aid: These study notes are designed to serve as educational aids and should not be considered as a
substitute for individual research, critical thinking, or professional guidance. Students are encouraged to
conduct their own extensive research and consult with their instructors or academic advisors for specific
assignment requirements.
2. Personal Responsibility: While every effort has been made to ensure the accuracy and reliability of the
information provided in these study notes, the seller cannot guarantee the completeness or correctness of all
the content. It is the responsibility of the buyer to verify the accuracy of the information and use their own
judgment when applying it to their assignments.
3. Academic Integrity: It is crucial for students to uphold academic integrity and adhere to their institution's
policies and guidelines regarding plagiarism, citation, and referencing. These study notes should be used as a
tool for learning and inspiration, but any direct reproduction of the content without proper acknowledgment and
citation may constitute academic misconduct.
4. Limited Liability: The seller of these study notes shall not be held liable for any direct or indirect damages,
losses, or consequences arising from the use of the notes. This includes, but is not limited to, poor grades,
academic penalties, or any other negative outcomes resulting from the application or misuse of the information
provided ]
Assignment 1 Semester 2 2024
Unique Number:
Due Date: 9 September 2024
3 DIFFERENT ANSWERS PROVIDED
Durr v ABSA Bank and Another 1997 (3) SA 448 (SCA)
In the case of Durr v ABSA Bank and Another, the appellant, Valerie Elsie Cornwell Purr
(referred to as Mrs. Durr), sought investment advice from Mr. Myles Stuart, an investment
advisor employed by ABSA Bank. Mrs. Durr and her family members followed Stuart’s advice
and invested significant sums of money in debentures and preference shares of a company
called Supreme. The investments ultimately proved disastrous, leading to substantial financial
losses. Mrs. Durr, acting on behalf of herself and her family members, sued ABSA Bank and
DISCLAIMER
Stuart&for
TERMS OF USE claiming that the advice given was inadequate and lacked the necessary
negligence,
1. Educational Aid: These study notes are designed to serve as educational aids and should not be considered as a
substitute for individual research, critical thinking, or professional guidance. Students are encouraged to
conduct their own extensive research and consult with their instructors or academic advisors for specific
assignment requirements.
2. Personal Responsibility: While every effort has been made to ensure the accuracy and reliability of the
information provided in these study notes, the seller cannot guarantee the completeness or correctness of all
the content. It is the responsibility of the buyer to verify the accuracy of the information and use their own
judgment when applying it to their assignments.
3. Academic Integrity: It is crucial for students to uphold academic integrity and adhere to their institution's
policies and guidelines regarding plagiarism, citation, and referencing. These study notes should be used as a
tool for learning and inspiration, but any direct reproduction of the content without proper acknowledgment and
citation may constitute academic misconduct.
4. Limited Liability: The seller of these study notes shall not be held liable for any direct or indirect damages,
losses, or consequences arising from the use of the notes. This includes, but is not limited to, poor grades,
academic penalties, or any other negative outcomes resulting from the application or misuse of the information
provided ]
