Get premium membership and access questions with answers, video lessons as well as revision papers.
a) By the donor or attorney expressly revoking the power.
b) Upon operation of law e.g., upon death, mental incapacity or bankruptcy of either
the donor or attorney. (Bankruptcy the attorney does not in fact determine the
power, but makes it advisable for the donor to expressly revoke the power).
c) By implication e.g., where the circumstances leading to the giving of the power
are no longer applicable „return from abroad „; where new power is executed in
favour of the same or another attorney; where after a period of time the donor
recommences operation of the account.
d) Upon completion of the purpose for which it was given.
NatalieR answered the question on February 15, 2022 at 00:39
- Identify forms of Power of Attorney(Solved)
Identify forms of Power of Attorney
Date posted: February 15, 2022. Answers (1)
- Highlight circumstances for termination of the bank's authority to pay(Solved)
Highlight circumstances for termination of the bank's authority to pay
Date posted: February 14, 2022. Answers (1)
- Highlight the particulars required in opening and Conducting Bank accounts(Solved)
Highlight the particulars required in opening and Conducting Bank accounts
Date posted: February 14, 2022. Answers (1)
- Define the term Power of Attorney(Solved)
Define the term Power of Attorney
Date posted: February 14, 2022. Answers (1)
- Explain the term Garnishee Order(Solved)
Explain the term Garnishee Order
Date posted: February 14, 2022. Answers (1)
- “The duty of secrecy is not absolute but qualified.” Comment(Solved)
“The duty of secrecy is not absolute but qualified.” Comment
Date posted: February 14, 2022. Answers (1)
- Highlight the accounts that may be set off and when the right to set off arise(Solved)
Highlight the accounts that may be set off and when the right to set off arise.
Date posted: February 14, 2022. Answers (1)
- Outline circumstances Under which the bank can lift the veil of secrecy(Solved)
Outline circumstances Under which the bank can lift the veil of secrecy
Date posted: February 14, 2022. Answers (1)
- Elaborate the rights and duties of a banker to its customers .(Solved)
Elaborate the rights and duties of a banker to its customers.
Date posted: February 14, 2022. Answers (1)
- Highlight circumstances under which the bank act's as an agent to its customers(creditor).(Solved)
Highlight circumstances under which the bank act's as an agent to its customers(creditor).
Date posted: February 14, 2022. Answers (1)