Lombard Insurance Company Limited v L & D Enterprises (Pty) Ltd and Others (32905/13) [2014] ZAGPJHC 414 (8 December 2014)

Lombard Insurance Company Limited v L & D Enterprises (Pty) Ltd and Others (32905/13) [2014] ZAGPJHC 414 (8 December 2014)

The court found that the applicant issued a construction guarantee at the request of the first respondent, supported by indemnity and suretyship agreements entered into by the respondents. The respondents admitted the existence of these agreements and the payment made by the applicant. Their defence, based solely on...

Source-derived case information.

Citation
[2014] ZAGPJHC 414
Parties
Applicant: Lombard Insurance Company Limited; Respondent: L & D Enterprises (Pty) Ltd; Respondent: Clidet No 1041 (Pty) Ltd; Respondent: Pieter Gabriel Knox; Respondent: Paulo George Fernandes Da Silva
Court
South Gauteng High Court, Johannesburg
Jurisdiction
South Africa
Case Number
32905/13
Procedural Posture
Civil Application / Judgment
Outcome
Application granted. Orders made in terms of the amended notice of motion.
Judges
Makopo
Legal Topics
Suretyship, Indemnity, Construction Guarantee, Joint and Several Liability, Interest Award
Commercial and Corporate Civil Procedure Suretyship Indemnity Construction Guarantee Joint and Several Liability Interest Award

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Summary, issues, holding and outcome

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Parties

Lombard Insurance Company Limited

Applicant

L & D Enterprises (Pty) Ltd

Respondent

Clidet No 1041 (Pty) Ltd

Respondent

Pieter Gabriel Knox

Respondent

Paulo George Fernandes Da Silva

Respondent

Procedural Posture

Civil Application / Judgment

  1. 1 Whether the respondents are liable to indemnify the applicant for payment made under a construction guarantee.
  2. 2 Whether the contracts of indemnity and suretyship are valid and enforceable.
  3. 3 Whether the respondents' defence regarding lack of reference to the employer in the guarantee defeats the applicant's claim.

Ratio Decidendi

The court found that the applicant issued a construction guarantee at the request of the first respondent, supported by indemnity and suretyship agreements entered into by the respondents. The respondents admitted the existence of these agreements and the payment made by the applicant. Their defence, based solely on the lack of reference to the employer in the guarantee, was not sufficient to defeat the applicant's claim, as there was no substantive denial of indebtedness. The court held that the respondents are jointly and severally liable for the amounts claimed, interest at the prime overdraft rate plus 2%, and costs on the attorney and client scale. The amendment to the notice of...

Court Disposition

Application granted. Orders made in terms of the amended notice of motion.

Orders

  • The first and second respondents are ordered, jointly and severally, the one paying the other to be absolved, to pay the applicant R1,135,869.47.
  • The third respondent is ordered to pay the applicant R56,793.47, jointly and severally with any payment in the above paragraph.