Du Toit and Others v Du Toit-Smuts & Partners and Another (4748/2021)
Du Toit and Others v Du Toit-Smuts & Partners and Another (4748/2021) [2023] ZAMPMBHC 22 (12 April 2023)
The court found that the applicants’ claim for the return of the R25,000.00 reservation deposit had prescribed under the Prescription Act, as more than three years had elapsed since the debt became due, either from the date of demand or the conclusion of the contract. The deposit was paid into the trust account of the First Respondent as agent for the Second Respondent, and the correct party to sue was the Second Respondent, not the attorney. The applicants did not have a real right to the funds in the trust account, only a personal claim as trust creditors. The First Respondent was ethically…
Source excerpt
- Trust Account Liability
- Prescription Of Debt
- Attorney Ethics
- Deposit Recovery
- Agency Relationship
- Legal Practice Act