100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
LPL4801 Assignment 1 (COMPLETE ANSWERS) Semester 2 2024 (526694) - DUE 26 August 2024 $2.82   Add to cart

Exam (elaborations)

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

1 review
 85 views  14 purchases
  • Course
  • Institution
  • Book

LPL4801 Assignment 1 (COMPLETE ANSWERS) Semester 2 2024 (526694) - DUE 26 August 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. For assistance, Whats-App 0.6.7-1.7.1-1.7.3.9. Ensure your success with us .

Preview 1 out of 11  pages

  • July 12, 2024
  • 11
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

1  review

review-writer-avatar

By: jaclynbezuidenhout • 3 months ago

avatar-seller
LPL4801
Assignment 1 Semester 2 2024
Detailed Solutions, References & Explanations

Unique number: 526694

Due Date: 26 August 2024
QUESTION 1

a.

Credit Agreement under the 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.

Definition and Elements of a Credit Facility

As per Section 8(3) of the NCA, a credit facility is defined by three primary elements:

1. Supply of Goods or Services: The credit provider undertakes to supply goods or
services, or to pay amounts to the consumer, on behalf of the consumer or at the
consumer's direction.

2. Deferred Payment: The credit provider defers the consumer’s obligation to pay any part
of the cost of the goods or services, or to repay any amount advanced, or bills the
Terms of use
By making
consumer periodically for any part of the goods, services, use of this document you agree to:
or advance.
• Use this document as a guide for learning, comparison and reference purpose,
• Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
• Fully accept the consequences should you plagiarise or misuse this document.


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.

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 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 these notes from?

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

Will I be stuck with a subscription?

No, you only buy these notes for $2.82. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

78075 documents were sold in the last 30 days

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

Start selling
$2.82  14x  sold
  • (1)
  Add to cart