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The Legal Advice Office offers affordable Legal Advice as well as Legal and Paralegal Services throughout South Africa.
Our legal advice and services are based on 40 years of experience in the professional legal field. As a purely internet based legal consultancy business, we pride ourselves in personal, professional and efficient service at affordable rates and undertake to revert to our clients within 48 hours of their query being received by us.
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At The Legal Advice Office; we receive daily inquiries on a number of issues which affect the daily lives of the people around us.
On Friday we received the following question and query and will answer it in this blog.
“I have been divorced for some years now and have been paying maintenance to my ex-wife and my two children for a five of years; ever since our divorce was finalised in the High Court in Cape Town in 2013. My eldest son has now finished school and he wants to go to university. My ex-wife is now insisting that I must contribute to his university studies as part of my maintenance obligations. Surely now that he is an adult and eighteen years old, my responsibility to maintain him will have stopped?”
Even large blue chip companies are being effected and have to constantly plan ahead in order to retain a competitive edge over their competition.
Just this last week, Standard Bank has announced that it intends to close 91 branches and that this will affect about 1200 employees. A short while ago,
Absa announced a restructuring plan which will result in the possible retrenchment of about 800 employees.
I was recently asked to do a piece on retrenchment.
The National Credit Act No 34 of 2005 has some wide-ranging applicability on immovable property instalment sale agreements.
Here is a case study to illustrate and understand the implications of The National Credit Act based on an inquiry our office received this last week :
“I own a property in Muizenberg, Cape Town. A buyer is interested in buying my flat. Her bank is not prepared to give her a loan because she is paying off a few personal loans, but she is prepared to enter into an instalment sale agreement to pay the purchase price in instalments over a period of time, much like a rental. I like the idea of at least getting a monthly income, but I am worried whether I can do this and charge interest on the instalments, particularly as it will take a few years for her to pay the price in full?”
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