Wesbank a division of Firstrand Bank Limited v Blackatunity Proprietary Limited and Another (2024/004956)
Wesbank a division of Firstrand Bank Limited v Blackatunity Proprietary Limited and Another (2024/004956) [2025] ZAGPJHC 673 (5 May 2025)
The court found that the respondents' defence regarding the proper interpretation of the cancellation clause in the instalment sale agreement raised a bona fide triable issue. Specifically, the respondents' argument that the applicant was contractually obliged to give notice of breach before cancellation, and that the agreement's clause 11.1 could reasonably be interpreted as requiring a two-step process, was not without substance and could succeed at trial. The court held that it was undesirable to terminate the litigation at the summary judgment stage when such a defence existed. The court…
Source excerpt
- Instalment Sale Agreement
- Rectification
- Summary Judgment
- Contractual Cancellation
- National Credit Act Compliance