South Africa Case Law

HNR Properties CC and Another v Standard Bank of SA Ltd (485/02)

HNR Properties CC and Another v Standard Bank of SA Ltd (485/02) [2003] ZASCA 135; [2004] 1 All SA 486 (SCA); 2004 (4) SA 471 (SCA) (28 November 2003)

Court

Supreme Court of Appeal

Case number

485/02

Judges

Scott, Navsa, Nugent, Lewis, Motata

The court held that a facilities letter did not release sureties where the suretyship required written release, and waiver or estoppel could not bypass that formality.

• Suretyship
• Release Of Surety
• Non Variation Clause
• Waiver
• Estoppel
• Reliance Theory Of Contract