Cancelled Sale, Damaged Property. Who Pays?
“You do not mend a broken vase by handing over a new one.” (Anonymous) When a property sale is cancelled, most people picture a straightforward reset. The seller keeps the property, the purchaser gets the money back, and everyone walks away as if the deal never happened. The law calls this restitutio in integrum, and […]
CONTRACTING WITH A COMPANY: CHECK FOR DIRECTOR AUTHORITY!
A recent High Court judgment reminds us once again of how important it is, when dealing with a company, to check that whichever director/s you are dealing with is/are fully authorised to bind the company. R3.8m in claims attacked A liquidation application was launched against a property developing company with 3 directors, The applicant creditor […]