COL3704 Assignment
3 (COMPLETE
ANSWERS) Semester 2
2024 - DUE t 2024 ;
100% TRUSTED
Complete, trusted
solutions and
explanations.
ADMIN
[COMPANY NAME]
, COL3704 Assignment 3 (COMPLETE ANSWERS)
Semester 2 2024 - DUE t 2024 ; 100% TRUSTED Complete,
trusted solutions and explanations.
QUESTION 1 Create a mind map of the functions that the
National Credit Regulator is legislated to perform.  (5)
SECTION B: DEBT COLLECTORS ACT 114 OF 1998
QUESTION 2 On 1 September 2024, Alvereen borrows R15
000 from DEF Bank and agrees to repay the loan in 11 monthly
payments of R1 500 each starting 1 December 2019. Alvereen
makes six consecutive payments and then stops paying. Despite
the best efforts of the bank, the bank is unable to collect the
outstanding debt and Alvereen’s debt is handed over to a debt
collector on 1 January 2024. The last time that Alvereen
acknowledged the debt was on 1 December 2020. Fully explain
whether the debt collector is able to collect this debt. (5)
SECTION C: THE CONSUMER PROTECTION ACT 68 OF
2008 QUESTION 3 List FOUR (4) instances where the
Consumer Protection Act will not apply. (4) QUESTION 4 Your
local newspaper is delivered to you every week at your
residence. In the latest newspaper there is a catalogue whereby
you can order a set of dinner plates, and you can place your
order telephonically. You decide to place your order
telephonically. You did not have the opportunity to inspect the
dinner set before entering into the agreement. List the
information the supplier must give you before they enter into
such an agreement with you. (6)
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 Jennifer2024. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.50. You're not tied to anything after your purchase.
