Development Bank Of South Africa v Fusion Guarantee (Pty) Ltd and Another (37332/18)
Development Bank Of South Africa v Fusion Guarantee (Pty) Ltd and Another (37332/18) [2023] ZAGPJHC 1123 (6 October 2023)
The court dismissed a special plea of prescription, holding that the plaintiff’s claim against the guarantor arose on cancellation and was served within three years.
- Prescription Act Section 11
- Performance Guarantee
- Contract Cancellation
- Suretyship Liability
- Prescription-act-section-11
- Performance-guarantee