Tag: cession

Disposition without value: Satisfied demand guarantee?

Cloete Murray NO v Humansdorp Co-operative Ltd When is payment in terms of a demand guarantee acceptable and does not amount to a disposition without value? “[29] Both parties agree that if the payment was made in terms of...

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Interpreting contracts holistically: Text context purpose

University of Johannesburg v Auckland Park Theological Seminary In confirming that the process of interpreting contracts must be done holistically the constitutional court repeated that ‘the inquiry into delectus personae...

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