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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 ...
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CASE NO: 27/2004 In the matter between : NISSAN SOUTH AFRICA...
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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) / Download Summary Overview. Search. Up. Summary. List of files selected for download. NISSAN SOUTH AFRICA (PTY) LIMITED v MARNITZ, NADIA N.O. & 2 OTHERS, CASE NO: (27/2004), (1 OCTOBER 2004) Size: 171.79 KB; Back. Powered by jDownloads ...
18 Μαΐ 2020 · In the case of NISSAN SOUTH AFRICA (PTY) LTD v MARNITZ NO AND OTHERS (STAND 186 AEROPORT (PTY) LTD INTERVENING) 2005 (1) SA 441 (SCA), an amount of R12,767,468.22 was paid into the wrong bank account due a clerical error by the bank, making this dream come true for Maple Freight CC (“Maple”).
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.
In terms of the judgment a claim by Nissan South Africa (Pty) Ltd for the payment of an amount standing to the credit of Maple Freight CC (in liquidation) with First National Bank was dismissed. Nissan, by mistake, paid an amount into an incorrect bank account being the bank account of Maple Freight with Standard Bank.
