question archive Please use the South African legal system to apply the accrual system to this question
Please use the South African legal system to apply the accrual system to this question
Subject:LawPrice: Bought3
Please use the South African legal system to apply the accrual system to this question.
Assume for purposes of this question that the accrual system is applicable to this
marriage. Also accept that Siya has an estate of R 900 000 at the time of their
divorce that includes the following:
R 200 000 that he inherited from his grandfather.
R 150 000 that was paid to him for pain and suffering for injuries sustained in a
motor vehicle accident.
R 200 000 paid to him as patrimonial damages for repairing the damage to his
vehicle and the loss of income he suffered because he could not work for 6
months.
R 300 000 that he holds as an investment.
R 50 000 that he has in his current bank account.
Tembe's estate of R 100 000 at the time of divorce includes a donation of R
50 000 from Siya which she has used to buy shares. The remaining R 50 000 of
her estate is kept in an interest-bearing savings account.
Based on this information, provide Siya and Tembe with an indication of how
their assets will be divided at divorce.
