Kransberg Petroleum (Pty) Ltd v Boskor Beleggings (Pty) Ltd (32665/12)
Kransberg Petroleum (Pty) Ltd v Boskor Beleggings (Pty) Ltd (32665/12) [2022] ZAGPPHC 554 (29 July 2022)
The court found that both parties were close corporations at the time of contracting, and that Ms du Plessis had sole authority to bind the plaintiff, while Mr du Plessis had authority to bind the defendant. The contract terms regarding price were never expressly agreed or recorded, but the evidence showed that the parties operated on trust and cooperation, with the plaintiff consistently invoicing at the list price for zone 12C as published by the Minister of Energy. The court applied the principles of tacit terms, finding that the business relationship and conduct of the parties indicated c…
Source excerpt
- Oral Contract
- Close Corporation Act
- Tacit Terms
- Authority To Bind
- Fuel Supply Agreement