Loggenberg NO and Others v Maree and Others (2801/2016)
Loggenberg NO and Others v Maree and Others (2801/2016) [2016] ZAFSHC 205 (23 December 2016)
The court held that the oral agreement relied upon by the applicants for the transfer of the Weltevreden farms was void for non-compliance with section 2(1) of the Alienation of Land Act, which requires such agreements to be in writing and signed by the parties. The particulars of claim did not disclose a cause of action, as the essential terms of the alleged agreement, including the purchase price and financing arrangements, were either undefined or incapable of determination. The court further found that South African law does not recognise an agreement to negotiate a further agreement unle…
Source excerpt
- Formalities In Respect Of Sale Of Land
- Agreement To Agree
- Pactum De Contrahendo
- Vagueness In Contract
- Exception Procedure