ANNANDALE v MATERIAL FINANCE (PVT) LTD 2002 (2) ZLR 740 (H)
Citation | 2002 (2) ZLR 740 (H) |
Case No | Judgment No. HH-213-02 |
Court | High Court, Harare |
Judge | Smith J |
Heard | 16 September 2002; 4 December 2002 |
Judgment | 4 December 2002 |
Counsel | P C Paul, for the applicant |
Case Type | Civil Application |
Annotations | Link to case annotations |
Flynote
Company — shares — assets — sale of — company's sole assets being sold — requirement that sale be authorised by shareholders in general meeting — unanimous assent of members of company obtained though not in formal meeting — effect
Contract — sale — agreement that part of sale price be payable in Zimbabwe currency but calculated in relation to a foreign currency value — value at time of agreement — subsequent effective devaluation of local currency — intention of parties at time determining factor
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