LAW OF SALE AND LEASE
LPL4801
Assignment 01 Semester 02 2025
AUGUST 29, 2025
ASSIGNMENT UNIQUE NUMBER: 185363
, ✓ Comprehensive and complete reliable answers with clear explanation
✓ Plagiarism free
✓ Pass /distinction guaranteed
✓ All questions answered
✓ Reference included
ASSIGNMENT 01 – SECOND SEMESTER 2025 DUE DATE: 29 AUGUST 2025 NO
EXTENSION COMPULSORY
(a) Applicability of the National Credit Act (NCA) (6 marks)
Yes, the National Credit Act 34 of 2005 (NCA) is applicable to the agreement. The
following factors support its applicability:
Credit Agreement: The agreement is a credit transaction under section 8(4)(f) of
the NCA, as it is an instalment agreement where payment is deferred and interest
is charged.
Natural Person: Patricia is a natural person, and therefore the agreement is not
excluded based on the type of consumer.
Threshold Value: The purchase price is R52,000, which is below the current
R250,000 threshold for the application of the NCA to juristic persons (but this
threshold does not apply to natural persons)
In South Africa: The agreement was concluded in South Africa, and the supplier
(Luxury Pools (Pty) Ltd) is conducting business here.
Supplier Conducting Business: Luxury Pools (Pty) Ltd is supplying goods and
granting credit, which falls within the scope of the NCA.
LPL4801
Assignment 01 Semester 02 2025
AUGUST 29, 2025
ASSIGNMENT UNIQUE NUMBER: 185363
, ✓ Comprehensive and complete reliable answers with clear explanation
✓ Plagiarism free
✓ Pass /distinction guaranteed
✓ All questions answered
✓ Reference included
ASSIGNMENT 01 – SECOND SEMESTER 2025 DUE DATE: 29 AUGUST 2025 NO
EXTENSION COMPULSORY
(a) Applicability of the National Credit Act (NCA) (6 marks)
Yes, the National Credit Act 34 of 2005 (NCA) is applicable to the agreement. The
following factors support its applicability:
Credit Agreement: The agreement is a credit transaction under section 8(4)(f) of
the NCA, as it is an instalment agreement where payment is deferred and interest
is charged.
Natural Person: Patricia is a natural person, and therefore the agreement is not
excluded based on the type of consumer.
Threshold Value: The purchase price is R52,000, which is below the current
R250,000 threshold for the application of the NCA to juristic persons (but this
threshold does not apply to natural persons)
In South Africa: The agreement was concluded in South Africa, and the supplier
(Luxury Pools (Pty) Ltd) is conducting business here.
Supplier Conducting Business: Luxury Pools (Pty) Ltd is supplying goods and
granting credit, which falls within the scope of the NCA.
