De Bruin v Firstrand Vank Limited t/a Wesbank (42493/2015)
De Bruin v Firstrand Vank Limited t/a Wesbank (42493/2015) [2017] ZAGPJHC 132 (5 May 2017)
The court found that Mrs De Bruin was not entitled to immediate rescission of the attachment order or restoration of the vehicle, as she had only tendered payment of arrears and not effected actual payment. However, the bank's refusal to provide the necessary figures for reinstatement and its insistence on full settlement constituted a breach of its contractual and statutory obligations, amounting to mora creditoris and repudiation. The applicant's obligation to pay instalments was suspended until the bank complied by providing the requested figures. The court declared that Mrs De Bruin was e…
Source excerpt
- National Credit Act
- Default Judgment
- Rescission Of Judgment
- Reinstatement Of Credit Agreement
- Mora Creditoris