Read the full judgment text of HCA 001792/1985 on BabelCite. This High Court CFI judgment was delivered on 7 May 1986.
1. The defendant was the holder of Standard Chartered Visa Card No. 4509 3610 0532 7360. That account is the basis of the contractual relationship between the plaintiff and the defendant and the terms of that relationship are governed by The Standard Bank Visa Cardholder Agreement. Paragraph 9 of that agreement makes provision for an event of default by the holder of the card and in sub-paragraph (d) thereof provides that the Bank may declare the entire amount of the holder's obligation under th