It is not binding on SARS and officialdom and nor is it binding save on those who have agreed to be bound by it. So you need to work through the various conflicting scenarios that will apply before deciding if it will work for you in a particular transaction.
top of page
Search
Recent Posts
See AllIn South Africa, security over financial instruments is typically established through a pledge, cession in security, or a combination of...
Directors often delegate certain functions and tasks to company employees or rely on the advice of experts. However, under South African...
In South Africa, banking and finance transactions often involve suretyships and guarantees. A guarantor's obligation depends on what the...
bottom of page