Farmsecure v Strauss (4994/2013)
Farmsecure v Strauss (4994/2013) [2014] ZAFSHC 56 (25 April 2014)
The applicant failed to prove the respondent's indebtedness for the claimed amount, as the only evidence presented was a certificate of indebtedness issued by the applicant itself. Such certificates, according to binding authority, are invalid as conclusive proof and cannot substantiate the claim. Without prima facie proof of debt, the respondent was not required to rebut the claim. The application for judgment and perfection of the notarial covering bond was therefore unsubstantiated. The applicant, having chosen to proceed by way of application rather than summons, was unable to adduce furt…
Source excerpt
- Notarial Covering Bond
- Certificate Of Indebtedness
- Proof Of Debt
- Summary Judgment
- Credit Agreements