Perfecting a general notarial bond: you can't have your cake and eat it! ABSA bank limited v go on supermarket (Pty) limited (the spar group limited intervening) (9442/2022) [2022] zagpjhc 173 (24 March 2022)

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dc.contributor.authorKoekemoer, Michel
dc.contributor.authorBrits, Reghard
dc.date.accessioned2023-07-19T07:39:07Z
dc.date.available2023-07-19T07:39:07Z
dc.date.issued2023
dc.description.abstractA general notarial bond registered over movable property grants the bondholder a real security right enforceable against third parties only if the bond has been perfected by transferring possession of the property to the bondholder. Based on the facts and judgment in Absa Bank Limited v Go On Supermarket (Pty) Limited, this analysis revisits the basic principles of and requirements for the perfection of a general bond. We ultimately criticize the judgment on three scores. Firstly, the court regarded the form of delivery (transfer of possession) applicable in this matter as symbolic delivery, but we point out that it amounted to constitutum possessorium – meaning that the attempted perfection of the bond was ineffectiveen_US
dc.identifier.citationBrits, R. and Koekmoer, M.M., 2023. Perfecting a General Notarial Bond: You Can't Have your Cake and Eat It! ABSA Bank Limited v Go on Supermarket (Pty) Limited (The Spar Group Limited intervening)(9442/2022)[2022] ZAGPJHC 173 (24 March 2022). Potchefstroom Electronic Law Journal (PELJ), 26(1), pp.1-24.en_US
dc.identifier.urihttps://doi.org/10.17159/1727-3781/2023/v26i0a14173
dc.identifier.urihttp://hdl.handle.net/10566/9215
dc.language.isoenen_US
dc.publisherPotchefstroom Electronic Law Journal (PELJ)en_US
dc.subjectNotarial bondsen_US
dc.subjectReservation of ownershipen_US
dc.subjectPledgeen_US
dc.subjectSecured transactionsen_US
dc.subjectLaw reformen_US
dc.titlePerfecting a general notarial bond: you can't have your cake and eat it! ABSA bank limited v go on supermarket (Pty) limited (the spar group limited intervening) (9442/2022) [2022] zagpjhc 173 (24 March 2022)en_US
dc.typeArticleen_US

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