n Without Prejudice - Credit agreements : exceptions and benefits : consumer law
|Article Title||Credit agreements : exceptions and benefits : consumer law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Author||Andrew Duff and Corien Potgieter|
|Publication Date||Oct 2008|
|Pages||25 - 26|
A relatively recent judgement, FirstRand Bank Limited v Shan David Olivier 2369/2007 (as yet unreported) handed down by Erasmus AJ in the South Eastern Cape High Court, has finally shed some light on whether the National Credit Act (34 of 2005) provides a statutory defence to summary judgement, allowing debtors an opportunity to evade judgement due to their financial over-indebtedness.
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