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.


This article first appeared on 702 : How to (legally) avoid responsibility for the loss of another


Recommended

by NEWSROOM AI
Read More
Land reform regressed in 24 years under ANC – researchers (University of W Cape)

Land reform regressed in 24 years under ANC – researchers (University of W Cape)

Bruce Whitfield interviews Prof Ruth Hall (Institute for Poverty, Land and Agrarian Studies - University of the Western Cape).

How the 'creative economy' mines ideas, and turns them into money

How the 'creative economy' mines ideas, and turns them into money

Bruce Whitfield interviews The Loerie Awards CEO Andrew Human about the science of creativity and the creative economy.

The future of mining, South Africa’s lifeblood (and employer of 500 000 people)

The future of mining, South Africa’s lifeblood (and employer of 500 000 people)

The Money Show’s Bruce Whitfield interviews Jan-Adriaan du Plessis, Associate Director of Strategy and Operations at Deloitte.

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
We're not just cyclists - CT man turns punch-up with driver into safety message

We're not just cyclists - CT man turns punch-up with driver into safety message

He was punched in the face by a motorist last week and tracked the driver down for a meet-up, instead of laying charges.

[WATCH] The spectacular moment AB de Villiers bent the laws of physics

[WATCH] The spectacular moment AB de Villiers bent the laws of physics

The world now knows never to underestimate the athletic form of SA cricketer AB de Villiers after this gravity-defying catch.

Brace yourself the cold is not going anywhere

Brace yourself the cold is not going anywhere

Forcaster, Kumsa Masizana says a cut-off low resulting throughout most parts of the country.

What's better than sex with your partner? Sex with YOURSELF! #MasturbationMonth

What's better than sex with your partner? Sex with YOURSELF! #MasturbationMonth

It's time to dim the light, lie back, relax and enjoy a bit of one-on-one time - with yourself!

[LISTEN] Dailene, the lady behind the video from Thursday's heist in Boksburg

[LISTEN] Dailene, the lady behind the video from Thursday's heist in Boksburg

Another heist was carried out in Boksburg on Thursday morning and led to five people being arrested.

Blind athlete sues popular winery after guide dog barred entry

Blind athlete sues popular winery after guide dog barred entry

Paralympian Hendri Herbst will take Durbanville Hills to court after his guide dog was denied entry inside the restaurant in 2014.

Health Minister proposes scrapping of medical aid co-payments

Health Minister proposes scrapping of medical aid co-payments

The eradication of medical aid co-payments is one of a number of changes to the medical aid scheme proposed by Aaron Motsoaledi.

[LISTEN] Is it Yanny or Laurel? Test your ears!

[LISTEN] Is it Yanny or Laurel? Test your ears!

What's Gone Viral with Khabazela brings you tweets, posts and YouTube videos that have social media talking.