Debt – Van Der Hoff Inc. | Conveyancers and Notaries

September 6, 2017

Published by VDHadmin at 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 […]

April 12, 2016

Published by VDHadmin at April 12, 2016

Standard acknowledgements of debt and the National Credit Act (NCA)

Standard acknowledgements of debt and the National Credit Act (NCA) The new NCA does not only regulate instalment sale agreements and lease agreements in respect of movables as was done by its predecessor, the repealed Credit Agreements Act 75 of 1980. The NCA also applies to a much wider variety of credit agreements and has […]

January 27, 2016

Published by VDHadmin at January 27, 2016

When does a claim prescribe?

When does a claim prescribe? The issue of the legal nature of a vindicatory claim and whether it gives rise to a debt that is subject to the three year extinctive prescription period has been decided differently by different divisions of the High Court. On 28 May 2015 the Supreme Court of Appeal came to […]