by VDT Attorneys | Jun 7, 2018 | Conveyancing, Credit Act, Loan, Property, Sale
Most property sale agreements contain a suspensive condition that makes the purchase subject to the purchaser obtaining financing within a certain period of time. To understand whether this period of time can be extended, it is important to firstly understand what...
by VDT Attorneys | Jul 8, 2014 | Loan, Tax
From a business perspective, an interest-free loan is a good way to obtain financing, especially in instances where a company is newly established and as such may use such a loan as working capital. However to determine potential tax implications, one must consider...
by VDT Attorneys | Jun 2, 2014 | Loan, Property
A few months later, Mrs Brown receives a statement from Bank X which reflects outstanding bank service fees and insurance premiums on her home loan account. She is confused and angry because according to her the loan has been paid and now she apparently owes money...
by VDT Attorneys | Oct 25, 2012 | Debt, Loan
When a debtor is a man of straw, legal action can be instituted against the debtor and you may even get judgment in your favour, but the difficulty comes when the judgment must be enforced against someone who has little or no means to pay. But does this mean that the...
by VDT Attorneys | Jun 19, 2012 | Credit Act, Loan
Die Nasionale Kredietwet is ingestel en magtig die Nasionale Kredietreguleerder om alle krediettransaksies te reguleer. Alhoewel nie alle lenings as krediettransaksies kwalifiseer nie, reguleer die Nasionale Kredietwet baie lenings wat wel as krediettransaksies...
