Katz v Katz and Another (43899/10)
Katz v Katz and Another (43899/10) [2011] ZAGPJHC 224 (24 February 2011)
The court found that the applicant was entitled to payment of her inheritance, as the first respondent had no legal basis to withhold it or impose additional requirements. The first respondent's refusal to pay and to deliver the original powers of attorney was unjustified, and his conduct necessitated the application. The applicant was also entitled to a full accounting of the first respondent's actions under the powers of attorney, including all transactions and investments made on her behalf. The law of agency in South Africa provides that the duty to account is a continuing obligation, and…
Source excerpt
- Agency Accounting
- Fiduciary Duty
- Powers Of Attorney
- Estate Distribution
- Prescription
- Debate Of Account