Well-structured LPL4801 Assignment 1 (ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!)..... Question
Forever You (Pty) Ltd is a well-known clothing store in South Africa. They offer store cards to customers who buy clothing on credit and are a registe...
PVL3704 Assignment 1 (QUALITY ANSWERS) Semester 2 2024 questions and answers well explained and verified 100% correct by experts latest update 2024 graded a+
Exam (elaborations)LPL4801 Assignment 1 (ANSWERS) Semester 2 2024 – DISTINCTION C GUARANTEED ourse• Law of Sale and Lease (LPL4801)• Institution• University Of South Africa (Unisa)• Book•...
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LPL4801
Assignment 1 Semester 2 2024
Unique Number: 526694
Due Date: 26 August 2024
QUESTION 1
a.
Credit Agreement under the NCA
First, it is crucial to determine whether the agreement between Forever You (Pty) Ltd and Judy
qualifies as a credit agreement under the National Credit Act 34 of 2005 (NCA). According to
Section 8 of the NCA, a credit agreement can be categorized as a credit facility, credit
transaction, or credit guarantee. In this case, the agreement in question appears to be a credit
facility.
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