Schoemans Ca News December 2011

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Thanks for your support in 2011. Have a Wonderful Festive Season, and a Happy and Prosperous 2012!

VARYING A TRUST DEED? BE CAREFUL!
Here's a warning from a recent Supreme Court of Appeal case - don't amend the provisions of a trust deed without first checking whether or not you need to get consent from the beneficiaries.

BUSINESS BUYERS AND BANKS: BEWARE A STATUTORY TRAP!
With rampant business failures a feature of our economy these days, do not buy (nor finance the purchase of) a business, its goodwill or assets - not, that is, without first seeking advice on whether or not the sale must first be advertised in terms of the Insolvency Act.

ARRESTED FOR SHOPLIFTING - THE RISK, AND THE REMEDY
Shoplifting is a major problem for stores (and in the end shrinkage losses are passed on to us as consumers!), so one cannot blame them for adopting a zero tolerance policy towards it.

WHEN THE LIGHTS GO OUT, EVEN THOUGH YOU PAID YOUR ACCOUNTS
Consider this scenario (not an entirely unlikely one in these challenging times)

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