PVL3704 MCQ – Exam Prep latest Fall 2021 with all the Correct Answers Last document update:   ago

Question 1 to 3. The following facts are relevant for questions 1 to 3. A has demanded payment from B of an amount of R50,000 which he believes B is owing. B has checked its records and has paid the amount in the bona fide belief that the amount is owing in terms of their contract. Unbeknown to B, his bookkeeper, C had already paid the amount a week earlier by way of an electronic funds transfer in to the account of A. At the time of the second payment A's account was overdrawn in the a...