, LPL4801 ASSIGNMENT 1 SEMESTER 2 2025 – FULLY
ANSWERED (DUE 29 AUGUST 2025)
MULTIPLE CHOICE,ASSURED EXCELLENCE
Patricia concludes a written agreement for the purchase of a
free standing Jacuzzi from Luxury Pools
(Pty) Ltd on 1 June at her home. The purchase price of the
Jacuzzi is R52,000 which is payable in
twelve equal monthly instalments. The agreement also makes
provision for Patricia to pay interest at
18% per annum to Luxury Pools (Pty) Ltd in respect of the
deferred purchase price and that ownership
of the Jacuzzi shall be retained by Luxury Pools (Pty) Ltd until
Patricia satisfies all her financial
obligations under the agreement. At the time of conclusion of
the contract the repo rate is 7% and the
prime rate is 10.5%. The Jacuzzi is delivered to Patricia on 2
June. Patricia approaches you for legal
advice on 10 June. She explains that although she can afford the
Jacuzzi she has changed her mind and
no longer wishes to continue with the agreement. She also
informs you that she paid the first
ANSWERED (DUE 29 AUGUST 2025)
MULTIPLE CHOICE,ASSURED EXCELLENCE
Patricia concludes a written agreement for the purchase of a
free standing Jacuzzi from Luxury Pools
(Pty) Ltd on 1 June at her home. The purchase price of the
Jacuzzi is R52,000 which is payable in
twelve equal monthly instalments. The agreement also makes
provision for Patricia to pay interest at
18% per annum to Luxury Pools (Pty) Ltd in respect of the
deferred purchase price and that ownership
of the Jacuzzi shall be retained by Luxury Pools (Pty) Ltd until
Patricia satisfies all her financial
obligations under the agreement. At the time of conclusion of
the contract the repo rate is 7% and the
prime rate is 10.5%. The Jacuzzi is delivered to Patricia on 2
June. Patricia approaches you for legal
advice on 10 June. She explains that although she can afford the
Jacuzzi she has changed her mind and
no longer wishes to continue with the agreement. She also
informs you that she paid the first
