The National Credit Act 34 of 2005 (“the NCA”) has a mechanism whereby a defaulting debtor can automatically (and even without the knowledge of the creditor or the debtor himself) “reinstate” a credit agreement. The mechanism operates subject to the
Retirement villages, and introduction to their legal nature, applicable legislation and the risks faced by investors in such schemes.
Sign on the dotted line – enough to conclude the contract or must acceptance be communicated to the other contracting party.
