oa Codicillus - Private law : from the law reports
Extracted from text ... 86 Private Law | Privaatreg Trust and trustee ? Land and Agricultural Bank of South Africa v Parker and Others 2005 (2) SA 77 (SCA) This case deals with a family trust. The first trustees were the Parkers and one Senekal, the family attorney. But Senekal resigned in 1996. When Senekal resigned the Parkers failed for nearly two years to appoint a third trustee as the trust deed required of them. This left the Parkers as the only trustees. In a defence against the bank's claim for repayments of loans which were accepted by the Parkers as the only ..
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