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CASE NO: 27/2004. In the matter between : NISSAN SOUTH AFRICA (PTY) LIMITED Appellant and MARNITZ, NADIA N.O. First Respondent KEEVY, KAREN N.O. Second Respondent ... and First National Bank of Southern Africa Ltd v Perry NO and Others 2001 (3) SA 960 (SCA) at para 18). The banks usually do not oppose the application for such interdicts but ...
Status: Immediate. NISSAN SOUTH AFRICA (PTY) LIMITED v MARNITZ, NADIA N., KEEVY, KAREN N. AND FIRSTRAND BANK LIMITED. Please note that the media summary is intended for the benefit of the media and does not form part of the judgment of the Supreme Court of Appeal.
Nissan South Africa (Pty) Ltd v Marnitz NO and others (Stand 186 Aeroport (Pty) Ltd intervening) [20 Case summary of the Nissan case, that dealt with the reversal of funds... View more
Nissan South Africa (Pty) Ltd v Marnitz and Others 2005 (SCA) Facts: On its customer's (the appellant's) instructions, Firstrand Bank Ltd (FNB) (the third respondent) transferred an amount in excess of R12 E million from the appellant's account to an account held by one of the appellant's creditors, TSW, at the Standard Bank ...
nissan south africa (pty) limited v marnitz, nadia n.o. & 2 others, case no: (27/2004), (1 october 2004) size: 171.79 kb
14 Απρ 2021 · In Nissan South Africa (Pty) Limited v Marnitz NO and others, the court was required to decide whether a bank can unilaterally reverse a credit without the consent of the recipient. In answering this question, the SCA held that payment is a bilateral act and requires the meeting of two minds.
