Tag: disposition without value

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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Validating void disposition: Interpreting Companies Act

Pride Milling Company (Pty) Ltd v Bekker NO Validating void disposition considered by SCA which also decided “that given the effect of s 341(2), a party approaching a court and seeking that the court order otherwise would...

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Disposition without value: Exception and ‘value’?

Strydom NO v Snowball Wealth (Pty) Ltd Disposition without value or ‘not made for value’ interpretated by High Court in context of an exception to the pleadings and on the facts  the disposition was clearly not for...

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