[TYPE THE COMPANY NAME]
COL3704 Assignment 1
(COMPLETE ANSWERS) Semester
1 2026 - DUE 27 March 2026
NO PLAGIARISM
[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)
COL3704 Assignment 1 (COMPLETE
ANSWERS) Semester 1 2026 - DUE 27
March 2026
COL3704 Assignment 1 (COMPLETE ANSWERS) Semester 1 2026 - DUE 27
March 2026; 100% TRUSTED Complete, trusted solutions and explanations.
Ensure your success with us.
QUESTION 1 Each of the following statements refers to a court case or court
cases that you are required to read in this Consumer Law (COL3704) module.
Name the case(s) by providing its (or their) full citation(s) as well as the
paragraph(s) where the statement is taken from. Number your answers
chronologically, starting at 1.1, 1.2, etc. A major overhaul of previous credit
legislation was essential. This was also necessary because low-income
consumers relied increasingly on commercial credit and many were
becoming swamped with debt. For just as the Act seeks to protect
consumers, so too does it seek to promote a competitive, sustainable,
efficient and effective credit industry. It is universally accepted that money
lending transactions are susceptible to abuse mainly because borrowers are
usually in a much weaker position than lenders. Moneylenders can therefore
easily exploit this vulnerability of the borrower, and some have been guilty of
serious impropriety so frequently as to give rise to considerable concern. The
Sebola v Standard Bank of South Africa Ltd and Others 2012 (5) SA 142 (CC)
case was cited with approval. TOTAL FOR SECTION A: 5 MARKS SECTION C:
THE CONSUMER PROTECTION ACT 68 OF 2008
1.1 Statement: "A major overhaul of previous credit legislation was essential...
low-income consumers relied increasingly on commercial credit and many were
becoming swamped with debt."
Case Citation: National Credit Regulator v Opperman and Others 2013 (2) SA 1 (CC)
Paragraph Reference: Paragraph [2]
1.2 Statement: "For just as the Act seeks to protect consumers, so too does it seek
to promote a competitive, sustainable, efficient and effective credit industry."
Case Citation: Seccombe and Others v Friends of the Sick Association and Others 2012
(2) SA 142 (CC) (Note: This is frequently cited within Sebola v Standard Bank of South
Africa Ltd and Others 2012 (5) SA 142 (CC))
Paragraph Reference: Paragraph [40]
COL3704 Assignment 1
(COMPLETE ANSWERS) Semester
1 2026 - DUE 27 March 2026
NO PLAGIARISM
[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)
COL3704 Assignment 1 (COMPLETE
ANSWERS) Semester 1 2026 - DUE 27
March 2026
COL3704 Assignment 1 (COMPLETE ANSWERS) Semester 1 2026 - DUE 27
March 2026; 100% TRUSTED Complete, trusted solutions and explanations.
Ensure your success with us.
QUESTION 1 Each of the following statements refers to a court case or court
cases that you are required to read in this Consumer Law (COL3704) module.
Name the case(s) by providing its (or their) full citation(s) as well as the
paragraph(s) where the statement is taken from. Number your answers
chronologically, starting at 1.1, 1.2, etc. A major overhaul of previous credit
legislation was essential. This was also necessary because low-income
consumers relied increasingly on commercial credit and many were
becoming swamped with debt. For just as the Act seeks to protect
consumers, so too does it seek to promote a competitive, sustainable,
efficient and effective credit industry. It is universally accepted that money
lending transactions are susceptible to abuse mainly because borrowers are
usually in a much weaker position than lenders. Moneylenders can therefore
easily exploit this vulnerability of the borrower, and some have been guilty of
serious impropriety so frequently as to give rise to considerable concern. The
Sebola v Standard Bank of South Africa Ltd and Others 2012 (5) SA 142 (CC)
case was cited with approval. TOTAL FOR SECTION A: 5 MARKS SECTION C:
THE CONSUMER PROTECTION ACT 68 OF 2008
1.1 Statement: "A major overhaul of previous credit legislation was essential...
low-income consumers relied increasingly on commercial credit and many were
becoming swamped with debt."
Case Citation: National Credit Regulator v Opperman and Others 2013 (2) SA 1 (CC)
Paragraph Reference: Paragraph [2]
1.2 Statement: "For just as the Act seeks to protect consumers, so too does it seek
to promote a competitive, sustainable, efficient and effective credit industry."
Case Citation: Seccombe and Others v Friends of the Sick Association and Others 2012
(2) SA 142 (CC) (Note: This is frequently cited within Sebola v Standard Bank of South
Africa Ltd and Others 2012 (5) SA 142 (CC))
Paragraph Reference: Paragraph [40]
