What is Reckless Lending? In line with the National Credit Act 34 of 2005, prior to the entering of a credit agreement between a consumer and a credit provider, the credit provider has an obligation to perform due diligence, by conducting a detailed financial assessment on behalf of the consumer, […]
Continue ReadingFORFEITURE OF BENEFITS IN DIVORCE PROCEEDINGS
When a decree of divorce is granted on the grounds of irretrievable breakdown of a marriage in community of property or out of community of property with the inclusion of the accrual system/regime, the court may make an order that the patrimonial benefits of the marriage be forfeited by one […]
Continue ReadingCONSTRUCTIVE DISMISSAL
Constructive dismissal may be defined as a situation in the work place, which has been created by the employer and which renders the continuation of the employment relationship intolerable for the employee – to such an extent that the employee has no other option available but to resign (being the […]
Continue ReadingADMINISTRATION OF DECEASED ESTATES
A deceased estate comes into existence when a person passes away, they may so pass with or without a will (testate or intestate, respectively). Such estate must then be administered and distributed in terms of the deceased’s will or failing a valid will, in terms of the intestate succession Act […]
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