Wishart NO and Another v Firstrand Bank Limited (3459/2013)
Wishart NO and Another v Firstrand Bank Limited (3459/2013) [2014] ZAKZDHC 58 (28 November 2014)
The court found that service of summons at the chosen domicilium address was not sufficient in this case, as the property had been sold and vacated years before, and the trust had no connection to the address at the time of service. There was no evidence that the applicants or the trust received the summons, and the probabilities indicated they did not. The applicants' explanation for default was reasonable and bona fide, and there was no deliberate avoidance. The suretyship was not validly executed as the first applicant lacked authority and did not act jointly with the other trustees, nor w…
Source excerpt
- Rescission Of Judgment
- Service At Domicilium
- Suretyship Validity
- Trustee Authority
- Ratification Of Acts