A promise to pay (PTP) is basically a verbal acknowledgment of debt where a debtor makes an arrangement verbally or in writing to repay monies outstanding. A PTP can also be considered as a vague “I’ll sort that out month end” so be careful when acknowledging debt as...
Healthy business relationships are built on trust, and trust is earned. One might consider a person trustworthy as a result of their being a long-standing acquaintance, their perceived friendliness, or their appearance as an honourable person. This perceived...
In terms of South African Law, and even global Law, one is necessarily concerned with competing rights and responsibilities. It is a result of these rights and responsibilities that due process plays such an important role in our legal system. One of the checks...
A tough economic milieu, aggravated by rising interest rates and inflation, has set the scene for South Africa to become a hotbed of debtors and bad debt. As a result, I have been approached in recent months by numerous businesses, both in the service and retail...
