A mother and a father loaned their daughter a whopping R540 000 to help her through an issue that popped up during her divorce and ended up losing the court battle to get it paid back.
reported that when the daughter was going through her divorce in 2018, she had asked her family to help pay an amount equal to half of the value of the home she shared with her husband, so as to buy him out.
Since the daughter neglected to pay anything back, though, the family were forced to battle it out in court. Thus, unable to prove “the existence of either a written, oral, or tacit loan agreement”, the judge ruled in favour of the daughter: …The action was dismissed with costs. According to the judgment, the father failed to prove the creation of contractual obligations and failed to prove the establishment of a contract from which rights may flow. The father also conceded during cross-examination that he and the daughter had not reached an agreement about a repayment date.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JUSTICE MALALA: London lesson for Cyril to step asideGood, hard-working South Africans have long wanted Ramaphosa to do well, but they are beginning to think, with his protracted silence while he is clearly under attack, that he is ‘just like the rest’, writes justicemalala.
Read more »
JUSTICE MALALA: London lesson for Cyril to step asideGood, hard-working South Africans have long wanted Ramaphosa to do well, but they are beginning to think, with his protracted silence while he is clearly under attack, that he is ‘just like the rest’, writes justicemalala.
Read more »
Miss SA Lalela Mswane shares her top financial lesson | The CitizenMiss SA Lalela Mswane will put her financial literacy to the test in a family money show as she prepares for Miss Supranational.
Read more »
South Africa: Covid-19 Blamed for Shortcomings of 'Ideal Clinics' in Free StateOn 23 June, the Free State Department of Health reportedly opened the "first municipal clinic in South Africa which solely operate on solar power and [that] has two 2500 litre each water catchment systems to ensure uninterrupted service".
Read more »
Kenya freezes $52m linked to Nigerian start-up FlutterwaveKenya freezes $52m spread in 62 bank accounts belonging to Nigerian start-up Flutterwave and four Kenyans on fears they are proceeds of card fraud and money laundering.
Read more »
University of the Free State slams 'fake' viral masturbation noticeThe University of the Free State (UFS) has rubbished a viral notice about masturbation at its student residence.
Read more »