Making sense of the disclosure of latent defects in financial statements and company acquisition contracts
South African Journal of Economic and Management Sciences
| Field | Value | |
| Title | Making sense of the disclosure of latent defects in financial statements and company acquisition contracts | |
| Creator | Killian, Cornelius | |
| Description | This paper analyses the statement made by the South African Appeal Court Judge Holmes in the Phame v Paizes (1973) case and, using economic and unique South African legal principles, it examines the true legal nature of a contract to regulate company acquisitions.1 Two solutions are offered for financial managers in South Africa: (1) the contract to regulate company acquisitions is a forward contract and (2) the difficulty in identifying latent defects should not be grounds for reducing the price paid for a company or enterprise in the South African legal system. | |
| Publisher | AOSIS Publishing | |
| Date | 2011-05-04 | |
| Identifier | 10.4102/sajems.v13i1.199 | |
| Source | South African Journal of Economic and Management Sciences; Vol 13, No 1 (2010); 76-84 2222-3436 1015-8812 | |
| Language | eng | |
| Relation |
The following web links (URLs) may trigger a file download or direct you to an alternative webpage to gain access to a publication file format of the published article:
https://sajems.org/index.php/sajems/article/view/199/56
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