Examen
COL3704 Assignment 3 [Answers] Semester 2 - Due: 15 September 2023
- Grado
- Institución
COL3704 Assignment 3 [Answers] Semester 2 - Due: 15 September 2023
[Mostrar más]Vista previa 1 fuera de 10 páginas
Vista previa 1 fuera de 10 páginas
Añadir al carrito
Añadir al carrito
Vendedor
Seguir
StudentGyde
Comentarios recibidos
Vista previa del contenido
COL3704ASSIGNMENT 3 (SEMESTER 2)
DUE DATE: 15 September 2023
SECTION A
QUESTION 1
On 13 March, Alvereen Leonard approached three different credit providers and applied for credit.
First, she approached Easy Loans and applied for a R5 000 loan to pay her outstanding utility bills.
Next, she approached a second-hand car dealer, Cars at Cost, and purchased a R10 000 car on
credit. She then went to ABC Loans for a loan of R20 000 to pay for her daughter’s school fees.
Financial assessments were only conducted at Cars at Cost and ABC Loans. She did not include
any information about the two former applications during the assessment that was done by ABC
Loans. Alvereen was granted credit by all three providers. Subsequent to this, she started
defaulting on her payments.
Explain whether any of these credit agreements will be deemed reckless. (8)
Terms of Utilisation:
1. Educational and Reference: You may use this document for educational, reference, and comparison purposes.
2. No Duplication or Misrepresentation: You are not allowed to duplicate or misrepresent this document's content as your own work.
3. Accept Consequences: If you misuse or plagiarize this document, you accept responsibility for any resulting consequences.
Your use of this document signifies your agreement to these terms. Failure to comply may lead to legal action or other appropriate measures.
Los beneficios de comprar resúmenes en Stuvia estan en línea:
Garantiza la calidad de los comentarios
Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!
Compra fácil y rápido
Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.
Enfócate en lo más importante
Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable. Así llegas a la conclusión rapidamente!
Preguntas frecuentes
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.
100% de satisfacción garantizada: ¿Cómo funciona?
Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller StudentGyde. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for 2,65 €. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
45,681 summaries were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now