ABSA Bank Limited v Ntlonze (1415/2024)
ABSA Bank Limited v Ntlonze (1415/2024) [2024] ZAECMKHC 132 (3 September 2024)
The court held that the defendant's inability to earn income due to the Covid-19 lockdown did not amount to supervening impossibility of performance. The test is objective, and mere economic hardship or loss of profitability does not excuse contractual obligations. The contract was silent on force majeure, so common law applied. The defendant remained in substantial arrears beyond the lockdown period and failed to tender return of the vehicle, which is fatal to his defence. The plaintiff established entitlement to summary judgment, as the defendant's arguments did not raise a triable issue.
Source excerpt
- Credit Agreement Breach
- Supervening Impossibility
- Summary Judgment
- Force Majeure
- Covid 19 Lockdown
- Return Of Goods