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LPL4801 Assignment 1 (ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED R50,00   Add to cart
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LPL4801 Assignment 1 (ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED
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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...

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  • July 12, 2024
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  • 2023/2024
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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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