KVV Inc. Attorneys

Tax Season Starts 1 July: Your Deadlines

KVV Inc Attorneys

Published on: 04/03/2025

Tax Season Starts 1 July: Your Deadlines

Bank And Financial

Here’s What To Do If A “SARS” Debt Collector Comes Knocking On Your Door

KVV Inc Attorneys

Published on: 04/03/2025

Here’s What To Do If A “SARS” Debt Collector Comes Knocking On Your Door

Bank And Financial

Starting A Business? The Partnership Option

KVV Inc Attorneys

Published on: 04/03/2025

Starting A Business? The Partnership Option

Bank And Financial

Lending Money Repayable “On Demand”: Beware Prescription!

KVV Inc Attorneys

Published on: 04/03/2025

"On demand" loans, often used for family or business lending, can be tricky when it comes to prescription (the time limit for claiming debt). A recent Constitutional Court case clarified that unless otherwise agreed, these loans are "due and payable" the moment the money is advanced, not when you demand repayment. This means prescription starts ticking immediately, not years later when you decide to call in the loan. To avoid losing your money, clearly specify in your loan agreement what "on demand" means and when the debt becomes due.

Bank And Financial