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Unlawful provisions of credit agreements - Section 90 lists numerous provisions of credit agreements (as opposed to the entire agreements [7]) that are unlawful and not permitted. .An unlawful provision is void. Whenever a court has a matter before it which concerns a credit agreement that contains an unlawful provision, the court may
Republic of South Africa Constitution Amendment Act, 1980: 71: Public Service Amendment Act, 1980: 72: Public Holidays Amendment Act, 1980: 73: Dumping at Sea Control Act, 1980: 74: Republic of South Africa Constitution Fourth Amendment Act, 1980: 75: Credit Agreements Act, 1980: 76: Attorneys Amendment Act, 1980: 77: Defence Amendment Act ...
Part C of the NCA, [4] dealing with the various categories of credit agreements, excludes a lease of immovable property from these categories. This means that a credit agreement does not include a lease of immovable property. It also means that the definition of a contract of letting and hiring of immovable property remains the same.
South African investigators are seeking to recover more than 400 million rand ($23 million) from German software firm SAP for two government contracts they allege were entered into unlawfully ...
South African contract law is "essentially a modernized version of the Roman-Dutch law of contract", [1] and is rooted in canon and Roman laws. In the broadest definition, a contract is an agreement two or more parties enter into with the serious intention of creating a legal obligation. Contract law provides a legal framework within which ...
In the security agreement, which also creates only personal rights, the debtor undertakes to provide security for the principal debt established in the credit agreement. The security agreement determines the nature of the security: whether, for instance, it is a mortgage or a pledge .
Federal regulators said Tuesday they found that Bank of America harmed customers by double-dipping on fees, withholding credit card rewards and opening fake accounts, all of which are violations ...
The South African law of sale is an area of the legal system in that country that describes rules applicable to a contract of sale (or, to be more specific, purchase and sale, or emptio venditio), generally described as a contract whereby one person agrees to deliver to another the free possession of a thing in return for a price in money.