Exam (elaborations)
PVL3701 EXACT EXAM SOLUTION FOR SEMESTER 2 YEAR 2024
- Institution
- University Of South Africa (Unisa)
PROVIDE EXACT SOLUTIONS EXPRESSED IN SIMPLE LEGAL JARGON FOR ACADEMIC PURPOSES
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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?
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