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SA Attorneys instructed South Attorneys to collect child maintenance money on behalf of a client, Mrs E North. On 11 April 2022 the amount collected
SA Attorneys instructed South Attorneys to collect child maintenance money on behalf of a client, Mrs E North. On 11 April 2022 the amount collected were deposited into the Trust bank account of SA Attorneys. The total amount deposited was R7 500. Which one of the following statements regarding money collected by the instructed attorney is incorrect? Select one: a. South Attorneys acts on behalf of SA Attorneys, it's trust creditor, a not on behalf of E North. b. South Attorneys is the beneficiary and money cannot be paid out to another party. c. The collection of funds is made on behalf of a third party, E North, therefore there are trust funds involved and a trust creditors' account needs to be opened in the accounting records of the instructed attorney. d. According to the account statement, South Attorneys collected R7 500 in the matter of E North v Z North
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