The Science Of ...

How to (legally) avoid responsibility for the loss of another

The Consumer Protection Act has strict measures for how to bring indemnity to a consumer’s attention.

Stephen Logan, Logan Attorneys

Indemnity - in terms of the Consumer Protection Act - has to be reasonable.

Stephen Logan, Logan Attorneys

It’s absolutely a good idea to say ‘no, I don’t agree to the terms and conditions’.

Stephen Logan, Logan Attorneys

Indemnity is the commitment by a person, or entity, to compensate for a loss of another.

It forms the basis of many insurance contracts.

In other words; “indemnity” refers to an exemption from liability.

The Money Show’s Bruce Whitfield interviewed Consumer Law Specialist (Logan Attorneys) Stephen Logan for his weekly “The Science Of” feature.

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

Most people don’t read the terms, so it’s easy to slip in some limitation in terms of liability.

Stephen Logan, Logan Attorneys

There’s often unequal negotiating power.

Stephen Logan, Logan Attorneys

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.


Recommended

by THE NEWSROOM
Read More
400 000 tons of perfectly good glass goes into landfills each year in SA

400 000 tons of perfectly good glass goes into landfills each year in SA

The Money Show’s Bruce Whitfield interviews The Glass Recycling Company CEO Shabeer Jhetam.

'Boreholes have no major impact on groundwater resources'

'Boreholes have no major impact on groundwater resources'

The Money Show’s Bruce Whitfield interviews South African National Bottled Water Association Chairperson John Weaver.

Increasingly anxious Capetonians break the bank to buy water-related stuff

Increasingly anxious Capetonians break the bank to buy water-related stuff

The Money Show’s Bruce Whitfield interviews Price Check CEO Kevin Tucker about bone-dry Cape Town’s booming water economy.

The rules on gap cover are changing

The rules on gap cover are changing

Medical aid limits cover to the Medical Scheme Tariff which invariably falls way short of what doctors and/or specialists charge.

Not fond of your bank/insurer/advisor? Cheer up! Soon you won’t need them...

Not fond of your bank/insurer/advisor? Cheer up! Soon you won’t need them...

People need banking; they don’t need banks. Enter “FinTech” - software that provides financial services.

The science of staying sane when work drives you mad

The science of staying sane when work drives you mad

Everything you need to know about the science of mental health in the office.

Popular articles
"Duduzane Zuma is the Gupta family's greatest asset"

"Duduzane Zuma is the Gupta family's greatest asset"

Sunday Times journo Thanduxolo Jika who broke the front page story about the Gupta family emails vouches for their authenticity.

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

‘My worst fear is being 80 years old and poor’ – famed actor Dr. John Kani

‘My worst fear is being 80 years old and poor’ – famed actor Dr. John Kani

"My earliest memory of money is my father saying, ‘Why do you want to do this thing? How are you going to feed the family?'"

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

5 advantages of leasing instead of owning a car (lower monthly payments!)

5 advantages of leasing instead of owning a car (lower monthly payments!)

Want (or need) a new car? Dale Scorer (a wealth manager at AlphaWealth) reckons you should consider leasing.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?