Nurcha Finance Company (Pty) Ltd v Mahlaku Mosebo Contractors CC and Another (A174/12)
Nurcha Finance Company (Pty) Ltd v Mahlaku Mosebo Contractors CC and Another (A174/12) [2012] ZAGPPHC 308 (29 November 2012)
The High Court held that the written loan agreement clearly limited the Paymaster's agency to the specific purpose of amending the Actual Costs Breakdown Schedule, and did not authorize the Paymaster to act as agent for the appellant in making payments. There was no evidence that the appellant had conferred broader authority on the Paymaster outside the agreement. The magistrate erred in finding otherwise. The court further held that the pre-trial agreement limiting the issues for trial was binding on the parties and should have been given effect, regardless of whether the conference was held…
Source excerpt
- Agency In Contract
- Suretyship Validity
- Pre Trial Agreements
- Parol Evidence Rule