September 6, 2017

Do my debts last forever?

Do my debts last forever? What does prescription mean? The Prescription Act 68 of 1969 (PA) says that a debt (payment of money) is extinguished/expired after the lapse (passing) of a specific time period. South Africa has different laws which specify time periods, for example, the PA says contractual and delictual debts extinguish after 3 […]
June 14, 2016

What is meant by real security?

What is meant by real security? Real security means that, on the basis of a creditor’s right against the debtor (principal debt), a creditor acquires a limited real right in the property of the debtor as security for the payment of the creditor’s right (principal debt) by the debtor. Real security differs from personal security […]