Cooper N.O and Another v Matjhabeng Local Municipality and Another (4733/2023)
Cooper N.O and Another v Matjhabeng Local Municipality and Another (4733/2023) [2024] ZAFSHC 93 (22 March 2024)
The court found that the first respondent did not comply with the settlement agreement, as payment was made into an account not nominated by Oxy Trading or its executor. The settlement agreement expressly required payment into the trust account of the executor, and neither Major Issues Trading 501 CC nor the second respondent was authorised to receive payment on behalf of the applicants. The first respondent's reliance on payment into the incorrect account was untenable, and its defence lacked merit. The applicants established their entitlement to the outstanding R5,000,000.00, interest, and…
Source excerpt
- Settlement Agreement Enforcement
- Payment Of Debt
- Mandate To Receive Payment
- Breach Of Contract
- Costs Of Postponement