[TYPE THE COMPANY NAME]
LPL4801 Assignment 1 (COMPLETE
ANSWERS) Semester 1 2026 - DUE 18
March 2026
Law of Sale and Lease (LPL4801)
[Pick the date]
[Type the abstract of the document here. The abstract is typically a short summary of the contents of
the document. Type the abstract of the document here. The abstract is typically a short summary of
the contents of the document.]
, Exam (elaborations)
LPL4801 Assignment 1 (COMPLETE
ANSWERS) Semester 1 2026 () - DUE 18
March 2026
SaInstitution
University Of South Africa (Unisa)
Course
Law of Sale and Lease (LPL4801)
ve 5 minutes reading time
LPL4801 Assignment 1 (COMPLETE ANSWERS) Semester 1 2026 - DUE 18
March 2026; 100% TRUSTED Complete, trusted solutions and explanations.
Paul (P) concludes a written agreement purchasing a motor vehicle from S
(Suzie), a motor dealer, on 1 January. The agreement is concluded at S’s
registered business address. The purchase price of the vehicle is R400,000
and is payable in 20 equal monthly instalments. The agreement also makes
provision for P to pay at 15% interest per annum to S in respect of the
deferred purchase price. There is a term in the contract that ownership in
respect of the vehicle will only pass to P once the last instalment has been
paid. The motor vehicle is delivered to P on 2 January. P approaches you for
legal advice on 4 January. P explains to you that although he can afford the
vehicle he has changed his mind and no longer wishes to continue with the
agreement. P also informs you that he paid the first instalment on 2 January
and would like to claim back this instalment without incurring any financial
loss. S did not ask P any questions before the conclusion of the agreement.
(a) Advise P in full on whether the National Credit Act 34 of 2005 (“the NCA”)
is applicable to this agreement. (6)
Step 1: Determine whether the agreement qualifies as a credit agreement under
the NCA
Under section 8 of the NCA, a “credit agreement” is an agreement in terms of which:
1. Credit is provided by a credit provider;
2. The consumer undertakes to pay the credit provider in instalments or at a deferred
time; and
3. The principal debt or the total payable exceeds R8,000, and
LPL4801 Assignment 1 (COMPLETE
ANSWERS) Semester 1 2026 - DUE 18
March 2026
Law of Sale and Lease (LPL4801)
[Pick the date]
[Type the abstract of the document here. The abstract is typically a short summary of the contents of
the document. Type the abstract of the document here. The abstract is typically a short summary of
the contents of the document.]
, Exam (elaborations)
LPL4801 Assignment 1 (COMPLETE
ANSWERS) Semester 1 2026 () - DUE 18
March 2026
SaInstitution
University Of South Africa (Unisa)
Course
Law of Sale and Lease (LPL4801)
ve 5 minutes reading time
LPL4801 Assignment 1 (COMPLETE ANSWERS) Semester 1 2026 - DUE 18
March 2026; 100% TRUSTED Complete, trusted solutions and explanations.
Paul (P) concludes a written agreement purchasing a motor vehicle from S
(Suzie), a motor dealer, on 1 January. The agreement is concluded at S’s
registered business address. The purchase price of the vehicle is R400,000
and is payable in 20 equal monthly instalments. The agreement also makes
provision for P to pay at 15% interest per annum to S in respect of the
deferred purchase price. There is a term in the contract that ownership in
respect of the vehicle will only pass to P once the last instalment has been
paid. The motor vehicle is delivered to P on 2 January. P approaches you for
legal advice on 4 January. P explains to you that although he can afford the
vehicle he has changed his mind and no longer wishes to continue with the
agreement. P also informs you that he paid the first instalment on 2 January
and would like to claim back this instalment without incurring any financial
loss. S did not ask P any questions before the conclusion of the agreement.
(a) Advise P in full on whether the National Credit Act 34 of 2005 (“the NCA”)
is applicable to this agreement. (6)
Step 1: Determine whether the agreement qualifies as a credit agreement under
the NCA
Under section 8 of the NCA, a “credit agreement” is an agreement in terms of which:
1. Credit is provided by a credit provider;
2. The consumer undertakes to pay the credit provider in instalments or at a deferred
time; and
3. The principal debt or the total payable exceeds R8,000, and
