COL3704
Assignment 3 Semester 2 2024
Unique Number:
Due Date: September 2024
QUESTION 2
Under Section 10 of the Prescription Act, a debt prescribes or expires after a specified period if
no legal action is taken by the creditor to enforce the debt. According to Section 11(d) of the
Act, the prescription period for a typical contractual debt is three years. The prescription period
begins to run as soon as the debt is due, which typically occurs when the debtor fails to meet a
payment obligation.
In Alvereen's case, the critical timeline starts from the last acknowledgment of the debt on 1
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1. Educational Aid: These study notes are designed to serve as educational aids and should not be considered as a
substitute for individual research, critical thinking, or professional guidance. Students are encouraged to
conduct their own extensive research and consult with their instructors or academic advisors for specific
assignment requirements.
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information provided in these study notes, the seller cannot guarantee the completeness or correctness of all
the content. It is the responsibility of the buyer to verify the accuracy of the information and use their own
judgment when applying it to their assignments.
3. Academic Integrity: It is crucial for students to uphold academic integrity and adhere to their institution's
policies and guidelines regarding plagiarism, citation, and referencing. These study notes should be used as a
tool for learning and inspiration, but any direct reproduction of the content without proper acknowledgment and
citation may constitute academic misconduct.
4. Limited Liability: The seller of these study notes shall not be held liable for any direct or indirect damages,
losses, or consequences arising from the use of the notes. This includes, but is not limited to, poor grades,
academic penalties, or any other negative outcomes resulting from the application or misuse of the information
prov
]
Assignment 3 Semester 2 2024
Unique Number:
Due Date: September 2024
QUESTION 2
Under Section 10 of the Prescription Act, a debt prescribes or expires after a specified period if
no legal action is taken by the creditor to enforce the debt. According to Section 11(d) of the
Act, the prescription period for a typical contractual debt is three years. The prescription period
begins to run as soon as the debt is due, which typically occurs when the debtor fails to meet a
payment obligation.
In Alvereen's case, the critical timeline starts from the last acknowledgment of the debt on 1
DISCLAIMER & TERMS OF USE
1. Educational Aid: These study notes are designed to serve as educational aids and should not be considered as a
substitute for individual research, critical thinking, or professional guidance. Students are encouraged to
conduct their own extensive research and consult with their instructors or academic advisors for specific
assignment requirements.
2. Personal Responsibility: While every effort has been made to ensure the accuracy and reliability of the
information provided in these study notes, the seller cannot guarantee the completeness or correctness of all
the content. It is the responsibility of the buyer to verify the accuracy of the information and use their own
judgment when applying it to their assignments.
3. Academic Integrity: It is crucial for students to uphold academic integrity and adhere to their institution's
policies and guidelines regarding plagiarism, citation, and referencing. These study notes should be used as a
tool for learning and inspiration, but any direct reproduction of the content without proper acknowledgment and
citation may constitute academic misconduct.
4. Limited Liability: The seller of these study notes shall not be held liable for any direct or indirect damages,
losses, or consequences arising from the use of the notes. This includes, but is not limited to, poor grades,
academic penalties, or any other negative outcomes resulting from the application or misuse of the information
prov
]
