Irrevocable offers can be revoked in appropriate circumstances. A good example of this is where there is a material change in the subject matter of the offer; the offeror will have repudiated the offer, which the offeree may accept and revoke the irrevocable offer.
In South Africa, security over financial instruments is typically established through a pledge, cession in security, or a combination of...
Directors often delegate certain functions and tasks to company employees or rely on the advice of experts. However, under South African...
In South Africa, banking and finance transactions often involve suretyships and guarantees. A guarantor's obligation depends on what the...