Standard Bank of South Africa Limited v Barnard (41826/21)
Standard Bank of South Africa Limited v Barnard (41826/21) [2023] ZAGPPHC 1916 (23 November 2023)
The court found that the applicant's affidavit complied with all statutory requirements for commissioning, as both the deponent and commissioner were present and the necessary certifications were made. The respondent's point in limine regarding non-compliance was rejected. On the substantive defence, the court held that the prescription period for a debt secured by a mortgage bond is fixed at the time the right of action accrues and is not affected by the subsequent cancellation of the bond. The Supreme Court of Appeal's decision in Botha v Standard Bank was followed, confirming that the 30-y…
Source excerpt
- Suretyship Liability
- Prescription Act
- Mortgage Bond Debt
- Summary Judgment
- Commissioner Of Oaths Compliance