Consumer protection act Study guides, Study notes & Summaries

PVL3702 Assignment 1 2024 (solutions) ASSIGNMENT 01 QUESTION: Jack is a property developer who is well known for building residential developments. He recently built cluster homes in an upmarket suburb in Cape Town. All the cluster homes are built with the same size and layout, and they only differ with the positioning of each cluster in the complex. This development is brand new, and Jack appoints Sandy as his estate agent to market the sale of the cluster homes. Sandy shows Gloria a...

Multi-Line Insurers - CORRECT ANSWER-________-______ Insurers are insurance carriers that offer more than one line of insurance. False - CORRECT ANSWER-True or False? Stock Insurance Companies are "participating" in that the policyholders receive dividends. Attorney-In-Fact - CORRECT ANSWER-Reciprocal Insurers are managed by an ___________________. Association - CORRECT ANSWER-Contrary to popular opinion, Lloyd's of London is not an insurer but rather an ____________. Limits Catas...

PVL3702 ASSIGNMENT 1 SEMESTER 1 OF 2023 [] ASSIGNMENT 01 QUESTION: Carol, an owner of an exclusive bicycle shop advertised a special limited-edition bicycle for sale, and invited the public to make offers for the bicycle. Jane and Portia were among many people who submitted written offers for the bicycle. Jane’s offer was for R150 000, and Portia’s offer was for R190 000. Although Carol intended to accept Portia’s offer, she erroneously wrote a letter to Jane, wherein she accepted Ja...

HFL1501 PORTFOLIO MEMO - MAY/JUNE 2024 - SEMESTER 1 - UNISA - UNIQUE NUMBER:- 567217 - DUE 9 MAY 2024 - DETAILED ANSWERS WITH FOOTNOTES & BIBLIOGRAPHY- DISTINCTION GUARANTEED! QUESTION 1 1.1 Read the following statement and answer the question that follows: “South Africa has an uncodified legal system.” In your own words, discuss how this fact impacts on a lawyer who is searching for a remedy with regard to a legal question. (4) 1.2 Name one country of which you have learned in thi...

What is the purpose of Reg CC - Answer To implement to Expedited Funds Availability Act and the Check 21 What did Check 21 Act do - Answer Faciliate check truncation by authorizing substitue checks, Foster innovation in the check collection system without madating receipt of checks in electronic form, Improve the overall efficiency of the Nations Payments system. What is the purpose of the FFIEC? - Answer Prescribe uniform principles, standards, and report forms for the federal exami...

PVL3702 PORTFOLIO MEMO - MAY/JUNE 2023 - SEMESTER 1 - UNISA (DETAILED MEMO- DISTINCTION GUARANTEED) QUESTION 1 ABC company advertises that they have manufactured a patent medicine. The advert states that if this medication is taken, by any person, according to the manufacturer’s prescription, that person will not become ill with the coronavirus sickness. And the advert further states that the company is so confident of this medication, that if anyone does get sick with this virus, after ta...

Which of the following laws requires an insurer to notify an applicant in writing that an investigative consumer report may be made on the applicant? -Uniform Provisions Law. -Freedom of Information Act. -Medical Information Bureau Disclosure Act -Fair Credit Reporting Act (Insurance Information and Privacy Protection Act) Correct Answer: Fair Credit Reporting Act (Insurance Information and Privacy Protection Act) Group health insurance specifies that what percentage of eligible individu...

Which of the following laws requires an insurer to notify an applicant in writing that an investigative consumer report may be made on the applicant? -Uniform Provisions Law. -Freedom of Information Act. -Medical Information Bureau Disclosure Act -Fair Credit Reporting Act (Insurance Information and Privacy Protection Act) - Fair Credit Reporting Act (Insurance Information and Privacy Protection Act) Group health insurance specifies that what percentage of eligible individuals MUST be off...

© 2020 University of South Africa All rights reserved Printed and published by the University of South Africa Muckleneuk, Pretoria COL3704/501/3/2021 Downloaded by jeremy ziegelaar () lOMoARcPSD| CONTENTS 1. INTRODUCTION .......................................................................................................................... ix 2. PRESCRIBED READING MATERIAL .......................................................................................... ix 2.1 Section A:...

LML4802 PORTFOLIO MEMO - MAY/JUNE 2023 - SEMESTER 1 - UNISA - (DETAILED ANSWERS - DISTINCTION GUARANTEED!) QUESTION 1 Uni Pharma (Uni) is a large pharmaceutical retailer that sources its products from Mega Pharma Manufacturers (Mega), one of the largest pharmaceutical manufacturers in South Africa with an 80% market share. When South Africa experienced its first case of COVID 19 pandemic, Uni, Mega and other pharmaceutical manufacturers and retailers witnessed a vast increase in demand for ...