WRITTEN TRUSTEE RESOLUTION MUST BE IN PLACE BEFORE SIGNING SALE AGREEMENT, OTHERWISE AGREEMENT IS VOID
Jansen NO and Others v Ringwood Investments 87 CC (59771/2009) [2013]
ZAGPPHC 129
(20 May 2013)
This is one of many judgments confirming the requirement that where one of
the parties to a sale agreement of land is a trust, the agreement must be signed
by all the trustees or by one trustee acting on written authority of the other
trustees. The written resolution must be in place at the time of signing the
agreement, and ratification is not possible (unlike, for example, the position
with a company). Where the resolution is absent, the agreement is void.read more
The Judgment
Summary of the Judgment
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