n Without Prejudice - An addition to the arsenal : contract law
|Article Title||An addition to the arsenal : contract law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Oct 2014|
|Pages||27 - 28|
Immovable properties are normally sold by virtue of a deed of sale in terms of which the full purchase price is paid on the date of registration of transfer of the property in the name of the purchaser, with no funds being received by the seller prior to date of registration of transfer. The Alienation of Land Act (68 of 1981) deviates from this principle by providing for instalment sale transactions with regard to immovable property.
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