PVL3701 Assignment 1 2026 | Due 1 April 2026 - Distinction Guaranteed

This is a complete PVL3701 Assignment 1, SEMESTER 1 (Due 1 April 2026) - Distinction Guaranteed, UNISA. Thandi owns a hotel called “Imbizo Lodge” in Durban. She bought three new fridges for the kitchen from Value Save Traders (Pty) Ltd, in terms of a credit agreement. ValueSave Traders (Pty) Ltd reserves ownership of the fridges until the final instalment has been paid. Thandi also owes First Metro Bank R500 000. The debt is secured by a mortgage bond registered over the hotel. A guest of the hotel, Annie, accidentally packed a towel that looked like her own into her suitcase, honestly believing that it was hers, before leaving the hotel. One of the hotel’s chefs, Sipho, asked Thandi whether he could rent one of the small rooms in the hotel for a period of six months. Thandi agreed, and they concluded a lease agreement. Sipho also asked Thandi to borrow R5 000. They agreed that Sipho would pledge his cell phone as security for the loan. Thandi paid the R5 000 into Sipho’s bank account, but both parties agreed that it would not make sense for Sipho to hand the cell phone to Thandi. Thandi stated that she Question 1 Identify one person in the above set of facts that can be described as a “lawful holder”. In your answer, specifically refer to the relevant thing(s) of which he/she is a lawful holder. (3) Question 2 Briefly describe Annie’s real relationship with the towel in her suitcase. In your answer, refer to the mental element. (3)