Most Debts Precribe in 3 Years, however certain debts, such as those related to mortgages or maintenance payments, may have a longer prescription period.
Consumer protection triumphs as the High Court confirms legal safeguards for credit purchases. In a landmark ruling, a BMW buyer successfully challenged a dealer's attempt to sell a defective vehicle, proving that the Consumer Protection Act provides robust protection for consumers, even in credit transactions.
Couples who conclude a civil marriage after a customary marriage under Section 10(1) of the RCMA cannot validly execute an antenuptial contract if it was not already signed and registered prior to their customary marriage.
Any antenuptial contract concluded after a valid customary marriage will not be valid. As a result, parties who pay lobola and celebrate without entering into an antenuptial contract risk their marriage being in community of property by default.
Transfer Assets Correctly: When transferring assets into the trust, it's important to follow the proper legal procedures to ensure that the transfer is valid and legally binding.
Before extending a financial hand, secure your generosity with clear documentation and legal mechanisms, ensuring a harmonious lending experience in South Africa. Explore Acknowledgment of Debt, Surety Agreements, and more for a smart approach to lending.
One significant drawback of marriage in community of property is the shared financial liability. In this marital arrangement, both spouses become jointly responsible for each other's debts, potentially exposing one partner to unforeseen financial risks stemming from the actions or obligations of the other.
The legal framework regulating sexual harassment consists of common law, the Constitution, the Labour Relations Act 66 of 1995 (LRA), the Employment Equity Act 55 of 1998 (EEA), as well as the Code of Good Practice on the Prevention and Elimination of Harassment in the Workplace (The Code).
Fathers will now have the opportunity to embrace a fuller and more active role in the upbringing of their children, as they can enjoy up to four months of parental leave. This landmark ruling not only corrects a historical injustice but also symbolizes a giant leap towards a more inclusive and equitable society. It celebrates the diversity of modern families and recognizes the vital role that both mothers and fathers play in nurturing their children.
Cohabitation is becoming an increasingly popular choice for couples in South Africa. It offers companionship and shared responsibilities, but it's crucial to establish a clear legal framework that safeguards both partners' rights and assets. A well-crafted cohabitation agreement can provide that security and clarity, defining the obligations and expectations of each party. In this article, we provide a template for couples, such as Blue Ivy and Green Ivy, to create their cohabitation agreement tailored to South African law.