CONTRACT LAW – VALIDITY OF ACKNOWLEDGEMENT OF DEBT – BREACH THEREOF – ENTITLEMENT TO DEMAND PERFORMANCE. Adforce Namibia CC v Blackthorn Investments (Pty) Ltd NAHCMD (11 October 2023)

Adforce Namibia CC, the plaintiff, sought payment of N$4,854,893 plus interest and costs from Blackthorn Investments (Pty) Ltd, the first defendant, and other individual defendants. The plaintiff, a close corporation registered in Namibia, alleged that it had paid this amount to the first defendant, with acknowledgment of debt (AOD) signed by the first, second, third, and sixth defendants on October 9, 2016. The AOD stipulated that repayment terms would be determined upon the opening of a store, which was set for December 10, 2016.

The plaintiff . . .

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