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• The Law of Sale and Lease

Exam
(elaborations)
LPL4801
Assignment 1
(ANSWERS)
Semester 2
2024 –

,DISTINCTIO
NC
GUARANTEE
D ourse• Law
of Sale and
Lease
(LPL4801)•

, Institution•
University Of
South Africa
(Unisa)•Book•
The Law of
Sale and Lease
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, Exam (elaborations)
LPL4801 Assignment 1 (ANSWERS) Semester 2 2024 -
DISTINCTION GUARANTEED
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 Course
 Law of Sale and Lease (LPL4801)
 Institution
 University Of South Africa (Unisa)
 Book
 The Law of Sale and Lease

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 registered credit provider in terms of the National Credit Act 34
of 2005. When customers buy clothing on credit, an interest rate of 20%
per annum is charged on the outstanding amount. Judy, a customer,
opens an account on 1 May 2024 at Forever You (Pty) Ltd. Based on her
salary slips and the credit assessment performed by Forever You (Pty)
Ltd, she is allowed a credit limit of R5,000. On the same day, she spends
R5,000 on new clothes. She pays the first instalment on 1 June 2024, but
fails to make any further payments. You are acting as Forever You (Pty)
Ltd’s legal representative. It transpires that Judy has obtained legal
advice from Kenny Y Attorneys. The attorneys have addressed a letter to
your client with the following allegations: That the credit agreement
between Forever You (Pty) Ltd and Judy is a credit facility in terms of