Exdev (Pty) Ltd and Another v Pekudei Investments (Pty) Ltd (97/10)
Exdev (Pty) Ltd and Another v Pekudei Investments (Pty) Ltd (97/10) [2010] ZASCA 170; 2011 (2) SA 282 (SCA) ; [2011] 2 All SA 371 (SCA) (1 December 2010)
The Supreme Court of Appeal held that the sale and option agreements in clause 3 of the contract were separate, divisible, and independent. The sale of the office unit was valid and enforceable, as the essential characteristics—size and number of parking bays—were specified, and the seller's discretion over shape and location did not render the description too vague. The court applied established principles that a property need not be described with meticulous accuracy, and that subsequent selection or determination by one party is permissible if the essential features are agreed. The excepti…
Source excerpt
- Alienation Of Land Act
- Sale Of Immovable Property
- Contract Divisibility
- Exception Procedure
- Description Of Property
- Option Contracts