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last week was Valentines Day and today I want to tell you a story about a Valentines Day that was not so Rosy or romantic for two friends who got involved with a business transaction in the case of blocker vs Josephson which was heard on 14 February 2023 thats last week Valentines Day Mr blocker loaned money a substantial amount of two and a half million Rand from his friend in 2015. they entered into various acknowledgment of date agreements where in the terms of the repayment of the amounts loaned were set out after Mr Block already paid back over 3 million Rand Mr Josephson wanted to climb a further one and a half million Rand from his friend by firstly private arbitration and thereafter the matter proceeded to court although slime initially succeeded it was dismissed by the full bench at the Western Cape high court on Valentines Day because the initial aods were unlawful credit Agreements iods are acknowledgments of debt what is an unlawful credit agreement wow unlawful credi
