BODY CORPORATES LOANS
Thursday, 28 November 2019
INTRODUCTION Many owners living in sectional title schemes fail to pay their levies on time or at all and management contracts. Management contracts (which are contracts that deal with the obligations and duties of the managing agent as prescribed by the Sectional Titles Act 95 of 1986 (“the STA”)and the Sectional Titles Schemes Management Act 8
- Published in 2019, Loan Agreement
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Ashmal v Esa 2016 (2) SA 195 (SCA)
Monday, 30 July 2018
SUMMARY The Respondent entered into a loan agreement in favour of the Appellant. In terms of this agreement, the Appellant bought medical equipment from the Respondent and, in return, drew a number of blank cheques in favour of the Respondent. Contemplated in the amounts of said cheques was a “participating share of the profit”, to
- Published in News, 2018, Banking Law
