Podcast
Questions and Answers
What was the primary basis for the plaintiff's claim against the defendant?
What was the primary basis for the plaintiff's claim against the defendant?
- Unauthorized transfer of funds (correct)
- Closure of the plaintiff's bank account
- Freezing of services without notice
- Suspected fraud in the defendant's account
What was the defendant's defense in response to the plaintiff's claim?
What was the defendant's defense in response to the plaintiff's claim?
- The defendant stated that the transfer was successfully completed.
- The defendant highlighted a breach in the plaintiff's banking agreement.
- The defendant asserted it never received any instruction regarding the transfer.
- The defendant claimed to have stopped the transfer due to suspected fraud. (correct)
Which clause of the banking agreement did the defendant rely on to justify their actions?
Which clause of the banking agreement did the defendant rely on to justify their actions?
- '3.2 Service Interruptions'
- '7.8 Fraud or Suspected Fraud' (correct)
- '5.4 Unauthorized Transactions'
- '7.1 Customer Account Freeze'
What was the outcome concerning the transfer of funds from Likhanyile's account to the plaintiff's account?
What was the outcome concerning the transfer of funds from Likhanyile's account to the plaintiff's account?
What action did the bank take as per clause 7.8 of the banking agreement?
What action did the bank take as per clause 7.8 of the banking agreement?
What relationship did the plaintiff company have with Likhanyile?
What relationship did the plaintiff company have with Likhanyile?
Why did Lombard insist on being appointed as a signatory to Likhanyile's bank account?
Why did Lombard insist on being appointed as a signatory to Likhanyile's bank account?
What action did Lombard take on July 28, 2014, regarding the transfer of funds between accounts?
What action did Lombard take on July 28, 2014, regarding the transfer of funds between accounts?
What was Lombard's 'security' agreement with Likhanyile based on?
What was Lombard's 'security' agreement with Likhanyile based on?
What discrepancy did Lombard notice regarding the transfer of funds between accounts?
What discrepancy did Lombard notice regarding the transfer of funds between accounts?
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