mumba malila commercial law in zambia pdf
This means that he must satisfy three business conditions set out in section 29 of the Act. Such a cheque is still transferable, but its negotiability is somewhat restricted. To amount to a guarantee, the offer must be addressed to the Creditor, consequently, an offer which is not addressed to any individual creditor to contribute to the assets of the Principal Debtor is not a guarantee. Crystallization — floating charge becoming fixed. If they did, effect will be given to their contact.
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