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Good day, Please help me with this question IN TERMS OF SOUTH AFRICAN LAW Instructions: 1. Consider the following scenario: Your client, Musa, is a
Good day, Please help me with this question IN TERMS OF SOUTH AFRICAN LAW
Instructions: 1. Consider the following scenario: Your client, Musa, is a wealthy businessman with a large family that depends on him. He requires a loan but does not want to approach the banks as their rate of interest is not favourable. His friend Eric is a high risk stockbroker who has made large profits on trading shares. Eric offers to loan the money to Musa, subject to a cession in securitatem debiti of Musa's book debts. K . \\ : . L _ b. Discuss the options available to Musa and the requirements and consequences of a cession; c. Explain which type of cession in securitatem debiti would be most appropriate for Musa''s situation and why; and d. Draw a diagram showing the cession construction. Make sure to indicate the parties concerned and what the relationship between them is. es=can. do this inaaueamreembier ot Tt rewi-bouparnrrreStep by Step Solution
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