Avbob Mutual Assurance Society v Mkhonza and Others (A26/2025; A2024-138760)
Avbob Mutual Assurance Society v Mkhonza and Others (A26/2025; A2024-138760) [2025] ZAGPPHC 739 (22 July 2025)
The court found that Avbob, with its experience and professional assistance, made an informed choice to proceed with the transaction and occupy the property, despite the suspensive conditions not being fulfilled. Avbob's lengthy delay of 29 months before seeking to enforce the suspensive conditions and cancel the agreement constituted a waiver of its right to cancel. The evidence showed that Avbob was aware of the requirements and repeatedly requested compliance but failed to act for an extended period. The court held that Avbob could not escape the consequences of its inaction and was bound…
Source excerpt
- Sale Of Immovable Property
- Suspensive Conditions
- Waiver By Election
- Breach Of Warranty
- Delay In Cancellation