FirstRand Bank Ltd v Nedbank Ltd (1249/17) [2019] ZASCA 47 (29 March 2019)

Jurisdiction
South Africa
Citation
FirstRand Bank Ltd v Nedbank Ltd (1249/17) [2019] ZASCA 47 (29 March 2019)
Media Neutral Citation
[2019] ZASCA 47
Hearing date
7 March 2019
Court
Supreme Court of Appeal of South Africa
Case number
1249/17
Judges
Mbha JA, Van der Merwe JA, Dlodlo AJA, Rogers AJA, Cachalia JA
Judgment date
29 March 2019
Language
English
Type
Judgment
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Contract – interpretation of cancellation clauses in Invoice Discounting Agreement and Security Cession – effects of out and out cession considered – Invoice
Discounting Agreement bestowed full ownership in Nedbank for book debts delivered to it before its cancellation – cancellation of a contract not affecting accrued rights under it.

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