Many thanks indeed BossOriginally Posted by Dave A
Credit belongs to the origin of the thoughts posted here, so well done VanashI need a drink after this
The original idea of prescription in general originated in ancient Rome.
As previously mentioned credit goes to TFSA. None of this would have been possible without the power of the forum...
"You can copy it but there's no copy to it."
Last edited by Citizen X; 17-Nov-14 at 01:35 PM.
“Ubuntu is the essence of being humane" Desmond Tutu
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sabbaticus
I have read most of the posts on this discussion, and find it excellent, interesting and informing.
There is just one thing that bothers me a little. Why would one want to find a way to legally cancel debt? In my world, if you owe money, you make a plan to pay it. End of story.
Just saying...
Cheers
KC
I’ve answered this very question several times!
Extinctive prescription is not there to allow debtors to get away with debt but rather to punish a creditor for not suing out summons on time!
Hope this answer clarifies things
Last edited by Citizen X; 21-Nov-14 at 07:59 AM.
“Ubuntu is the essence of being humane" Desmond Tutu
Spelling mistakes and/or typographical errors I found in leading publications.Click here
sabbaticus
Section 126(B) of the National Credit Act is in effect, it applies retrospectively from 13 March 2015
[S. 126B inserted by s. 31 of Act 19/2014 w.e.f. 13 March 2015]
“Ubuntu is the essence of being humane" Desmond Tutu
Spelling mistakes and/or typographical errors I found in leading publications.Click here
sabbaticus
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