Commission claim lost where ‘trading as’ business without FFC?
Ustica 1153 CC t/a Cape Region Home Sales v Jordaan and Another (A158/2014) [2015] ZAWCHC 87 (9 June 2015)
What happens to the requirement to hold an FFC where a close corporation estate agency, using a trading name, holds its FFC in the name of the corporation and not the ‘trading as’ business? This was the issue before the court here as the seller cancelled the sale agreement and denied liability for commission, arguing that he transacted with the ‘trading as’ business which did not have an FFC.
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The Judgment
Summary of the Judgment
Breaching commercial property instalment sale agreement
V and Another v Coetzee (35029/2014) [2015] ZAGPJHC 102 (5 June 2015)
Chapter II of the Alienation of Land Act gives special protection only to individuals purchasing residential property in instalments. Attempts of a purchaser of industrial property in an instalment sale to insist on recordal of the agreement against the title deed and notification of the seller’s bond liability, will be futile, as this judgment shows. Other measures protecting such purchasers, outside Chapter II, such as the right to demand transfer once more than 50% of the purchase price has been paid, may well become applicable for non-residential property, but then the relevant conditions must be complied with. The judgment is an illustrative case in point.
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The Judgment
Summary of the Judgment