The Supreme Court of Appeal has upheld an appeal and set aside an order declaring a purchase and sale agreement enforceable. The agreement provided that the parties would conclude a written agreement regarding the purchase price payment details at a future date. No such agreement was concluded. The SCA found that the 'purchase price payment details' referred to the time of payment and that as the manner of payment is a material term, the agreement was unenforceable for noncompliance with s 2(1) of the Alienation of Land Act 68 of 1981.
Chretien v Bell0.14 MB