Financial advisor should exercise reasonable skill and care by Cleo van Rooyen
In the case of Oosthuizen v Castro (Centriq Insurance Co Ltd as Third Party) [2017] 4 All SA 876 (FB) the court confirmed the duty of a financial advisor to act with reasonable skill and care. Facts of the case: Mrs Oosthuizen (“Oosthuizen”), a widow, inherited a substantial amount from her husband’s estate. She approached …
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