Exam (elaborations)
COL3704 assignment 3 solutions semester 1 2024 ( Full solutions)
- Course
- Consumer Law (COL3704)
- Institution
- University Of South Africa (Unisa)
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COL3704ASSIGNMENT 2 SEMESTER 1 2024
Unique Number:
DUE DATE: April 2024
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Section A and B
1. Using a credit card to pay for groceries is an example of unsecured credit because
the credit card is not backed by any collateral.
2. The consequences of living beyond one's means include high levels of stress,
financial strain, and constantly feeling stuck in a cycle of debt.
3. The types of debt that should be paid off first are high-interest debt such as credit
card debt and payday loans.
Disclaimer
Extreme care has been used to create this document, however the contents are provided “as is”
without any representations or warranties, express or implied. The author assumes no liability as
a result of reliance and use of the contents of this document. This document is to be used for
comparison, research and reference purposes ONLY. No part of this document may be
reproduced, resold or transmitted in any form or by any means.
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