Record Details

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
 
Contributor
Date 2011-05-04
 
Type info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article
Format application/pdf
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 http://sajems.org/index.php/sajems/article/view/199/56