AGREEING TO ENTER INTO A SALE AGREEMENT LATER
Abigak 1 General Trading & Investment CC v Gani and Another; Gani and Another v Balkin and Others (1184/16; 6620/16)  ZAGPJHC 126
(5 May 2017)
It happens from time to time that persons agree ‘in principle’ to enter into a formal agreement about a specific matter. In this judgment, the court grappled with just such a scenario relating to the sale of land. The question was whether an oral agreement to the effect that a seller will enter into a written sale agreement of land with the buyer can trump a subsequent sale and transfer of the property to a third party.
STBB’S STSMA REFERENCE GUIDE
In this, the twenty-fourth set of notes for your STSMA Reference Guide, Prescribed Management Rule 3 is discussed.
Prescribed Management Rule 3
(N.B. Print in landscape)