Dream Supreme Properties 11CC v Nedcor Bank Ltd. and Others (490/05)
Dream Supreme Properties 11CC v Nedcor Bank Ltd. and Others (490/05) [2007] ZASCA 8; 2007 (4) SA 380 (SCA) (13 March 2007)
The majority held that the doctrine of notice does not apply to the attachment of property by a judgment creditor, even where the creditor has knowledge of a prior personal right arising from a sale. The judgment creditor, acting under statutory authority, is entitled to attach and sell the property in execution, and such actions cannot be regarded as a species of fraud. Extending the doctrine of notice to such situations would undermine the effectiveness of sales in execution and create uncertainty for creditors and purchasers. The court found that the agreement of sale between the appellant…
Source excerpt
- Doctrine Of Notice
- Attachment Of Property
- Sale In Execution
- Priority Of Personal Rights
- Real Rights Vs Personal Rights