THE PENDULUMS OF LAW: WHAT IS PRESCRIPTION AND HOW DOES IT WORK?

Prescription is essentially the period of time that a creditor is afforded in order to claim a debt against a debtor. In Solomons v Multilateral Motor Vehicle Accident Fund [1999] 3 All SA 552 (C) the court essentially held that the intention behind the legal principle of prescription is to create fairness in relation to debts that are owed