Exam (elaborations)
PVL3701 EXACT EXAM SOLUTION FOR SEMESTER 2 YEAR 2024
- Course
- Institution
PROVIDE EXACT SOLUTIONS EXPRESSED IN SIMPLE LEGAL JARGON FOR ACADEMIC PURPOSES
[Show more]
Seller
Follow
wealighttutorials
Reviews received
Content preview
WE ALIGHTTUTORIALSPVL3701 -2022 EXAM SOLUTIONS
SEMESTER 1
FOR FUTURE EXAM GUIDANCE CONTACT +27611279778
, PVL3701 EXAM SOLUTIONS
FIRST SEMESTER YEAR 2022
Question 1
The security contract (this can exist independently or be incorporated in the same
document as the loan contract) in terms of which the security grantor undertakes to
provide security for the debt created in terms of the loan agreement. The security
contract determines the nature of the security, in other words, if a pledge or a
mortgage is constituted.
1.1 What would the best option be to secure a loan for the purchase of the car?
To secure a loan for the purchase of the car is a Pledge of her diamond ring. A
pledge is corporeal or incorporeal movable property of the pledgor (debtor) is given
to the creditor in a pledge as real security for the payment of the principal debt,
grants the pledgee (creditor) a limited real right to the property as security until the
principal debt has been paid in full.
1.2 What would the best option be to secure a loan for the purchase of the flat?
The best option be to secure a loan for the purchase of the flat is a mortgage, a
mortgage is a requirement in respect of movable or immovable property of the
debtor/surety granting the creditor a limited real right to the movable or immovable
property as security until the principal debt has been paid in full.
1.3 How will Carl become the owner of the car after buying it?
Carl become the owner of the car after buying it when the principal debt has been
paid in full.He can be regarded as a lawful holder too .
1.4 How will Carl become the owner of the flat?
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller wealighttutorials. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.79. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
81849 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now