WebThe original contract was merely a contract by the third party to enter into a contract with the company to be formed. The court further held that under section 71 of the 1926-Act, the adoption of a pre- incorporation contract, …
Commissioner FOR Inland Revenue v Friedman AND Others NNO …
WebNO 1960 (4) SA 456 (SR) at 460; McCullogh v Fernwood Estate Ltd 1920 AD 204 at 209; Kotze v Frenkel & Co 1929 AD 418; Hughes v Rademeyer 1947 (3) SA 133 (A).) Itappears,however,thatthevestingoftherightonorafterthedeathofthe donor will not result in … Web5 nov. 2024 · COMMISSIONER FOR INLAND REVENUE v FRIEDMAN AND OTHERS NNO [1993] 1 All SA 306 (A) Division: Appellate Division Judgment Date: 5 November 1992 Case No: 14/91 Before: Joubert JA, Botha JA, Kumleben JA, Nicholas AJA, Harms AJA Parallel Citation: 1993 (1) SA 353 (A). Keywords. Cases referred to. Judgment. … jerome chabior
PRE-INCORPORATION CONTRACTS REVISITED
WebThe first case he relied upon is McCullogh v Fernwood Estate Ltd 1920 AD 204. In that case Innes CJ pointed out that the trustee who contracts for a company to be formed acts not as agent but in his own name and on his own responsibility for the benefit of another. Web10 mrt. 2015 · Watermeyer J referred to McCullogh v Fernwood Estate Ltd 1920 AD 204 which held that a company could by adoption or ratification take up a contract made on its behalf before it existed where the contract had been made by a person acting personally and not as agent. Webprincipal (McCullogh v Fernwood Estate Ltd 1920, AD 204). This common law position has however been altered by section 35 of the Companies Act (Act 61 of 1973), which has removed the nullifying effect of the common law, provided the requirements laid down by the section are met. The requirements are: lambdan lions