n Without Prejudice - The road to Kroonstad Prison : financial law
|Article Title||The road to Kroonstad Prison : financial law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||May 2010|
|Keyword(s)||Cliffe Dekker Hofmeyr|
A decision recently handed down in the Supreme Court of Appeal (SCA) in the matter of McCarthy vs Absa Bank 2010 (2)(SA) 321 SCA deserves attention. It is interesting because of the underlying background and relevant facts, and because of the position clarified by the Court relevant to the contractual relationship between a bank and its cheque account customer, and the requirement that the bank must perform its mandate with the required degree of care, good faith and without negligence.
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