by VDT Attorneys | Jun 2, 2025 | Credit Act, Credit agreements, National Credit Act
Here are some examples: Some parties attempt to conclude ‘friendly’ loans with interest, which are concluded as informal loans between individuals, where interest is charged but the lender is not registered with the National Credit Regulator (“NCR”). From a corporate...
by VDT Attorneys | May 6, 2025 | Credit agreements, National Credit Act
When dealing with credit agreements and the National Credit Act 34 of 2005 (NCA), what should litigants look out for when seeking to enforce their rights under a credit agreement?The case in focus The SCA recently handed down a judgment concerning this type of...
by VDT Attorneys | Aug 25, 2020 | Credit agreements, Prescription, Suretyship
Suretyship is accessory in nature, which is what differentiates it from other contracts of indemnity such as insurance. This means that suretyship only comes into being if there is a valid principle debt, or primary obligation. The accessorial nature of suretyship,...
by VDT Attorneys | Aug 14, 2019 | Boere, Collections, Credit Act, Credit agreements
Donald Fischer het op 1 Augustus in die GROOTplaas ateljee verduidelik wat ‘n #besoldigingsbevel is, en hoe die proses versonderstel is om te werk. Kyk gerus weer: http://bit.ly/besoldigingsbevele...
by VDT Attorneys | Jul 14, 2017 | Credit agreements
Where assets are sold by a creditor at a fraction of its value, it does prejudice a surety. But, it does not automatically mean that the creditor acted unlawfully. There is no principle in our law that states that should a creditor’s actions in respect of the...
