Sanlam Life Insurance Limited v Future Energy Electrical (PTY) Limited and Another (2019/8534)
Sanlam Life Insurance Limited v Future Energy Electrical (PTY) Limited and Another (2019/8534) [2022] ZAGPJHC 531 (30 June 2022)
The court found that the respondents, particularly Ms Pillay, signed the settlement agreement without indicating any lack of understanding or objection to the disputed clauses. As a businesswoman, Ms Pillay had the opportunity to read, consider, and seek legal advice on the agreement. The clauses in question were neither unusual nor unduly onerous in the context of a commercial settlement. Applying the reliance theory, the court held that Sanlam reasonably believed the respondents intended to be bound by all terms of the agreement. The respondents' alleged error was not justifiable, and there…
Source excerpt
- Settlement Agreement
- Contractual Dissensus
- Iustus Error
- Misrepresentation By Omission
- Attorney And Client Costs