100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
LPL4801 Assignment 1 Semester 2 2024 (526694) - DUE 26 August 2024 R50,00   Add to cart

Exam (elaborations)

LPL4801 Assignment 1 Semester 2 2024 (526694) - DUE 26 August 2024

 2 views  0 purchase

LPL4801 Assignment 1 Semester 2 2024 (526694) - DUE 26 August 2024 QUESTIONS AND ANSWERS

Preview 2 out of 9  pages

  • July 14, 2024
  • 9
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
All documents for this subject (20)
avatar-seller
jpapaya
LPL4801 Assignment 1
Semester 2 2024
(526694) - DUE 26 August
2024




st
[Company address]

, LPL4801 Assignment 1 Semester 2 2024 (526694) - DUE 26 August 2024




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 the National Credit Act 34 of

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

Quick and easy check-out

You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

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 this summary from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller jpapaya. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for R50,00. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67866 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 14 years now

Start selling
R50,00
  • (0)
  Buy now