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LPL4801 Assignment 1 (COMPLETE ANSWERS) Semester 1 2024 (569476) - DUE 15 March 2024 $2.84   Add to cart

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LPL4801 Assignment 1 (COMPLETE ANSWERS) Semester 1 2024 (569476) - DUE 15 March 2024

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LPL4801 Assignment 1 (COMPLETE ANSWERS) Semester 1 2024 - DUE 15 March 2024 100% TRUSTED workings, explanations and solutions. for assistance Whats-App 0.6.7..1.7.1..1.7.3.9 ......................................... Paul (P) concludes a written agreement purchasing a motor vehicle from S (Suzie), a...

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LPL4801
Assignment 1 Semester 1 2024
Detailed Solutions, References & Bibliography

Unique number: 569476

Due Date: 15 March 2024 @12:00
QUESTION 1

a. (2 ANSWERS PROVIDED)



The National Credit Act 34 of 20051 applies to all credit agreements. Section 8 of the NCA
provides that an agreement will be a credit agreement for the purposes of the NCA, if two
elements are present, namely:

• some deferral of repayment or prepayment, and
• there is a fee, charge, or interest imposed with respect to a deferred payment, or a
discount given when prepayments are made.




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