n Without Prejudice - Credit agreements : exceptions and benefits : consumer law
|Article Title||Credit agreements : exceptions and benefits : consumer law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Sep 2008|
|Pages||26 - 27|
Credit agreements typically contain a standard clause which reads : "The debtor hereby renounces the benefits of excussion, division and cession of action, non causa debiti, errore calculi, revision of accounts, no value received and non numeratae pecuniae, the full force, meaning and effect of which the creditor declares himself to be fully acquainted, provided that where the indebtedness is subject to the NCA, the creditor does not renounce the benefits of exceptio errore calculi, exceptio non numeratae pecuniae and exceptio non causa debiti."
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