$1.$ Phillip bought a new car in March $2021.$ Which of the following statements is correct?

$($i$)$ Phillip took a loan from Shady Loans $($Pty$)$ Ltd $($Shady Loans$),$ to pay for repairs to the car. The loan constitutes a credit agreement. Philip later found out that Shady Loans, even though it performs the activities of a credit provider, as defined in the National Credit Act $34$ of $2005,$ is not, nor has it ever been, registered as a credit provider, or held a clearance certificate, issued by the National Credit Regulator. Shady Loans issued summons against Phillip, for the repayment of the loan, based on the credit agreement. The court must declare the credit agreement void.

$($ii$)$ CarFin $($Pty$)$ Ltd $($CarFin$)$ financed the purchase of the car. The loan constitutes a credit agreement. Phillip must repay the loan over $5$ years, by paying monthly instalments. Phillip recently received a bonus, at work, and wants to settle his loan with CarFin. CarFin may refuse the early settlement of the loan.

$($iii$)$ With reference to the facts in $($ii$)$ above, CarFin agrees to Phillip settling his loan early. CarFin must provide Phillip with a statement, reflecting the amount required to settle the loan, within $5$ business days from Phillip's request for a statement.

$($i$)$

$($i$)$ and $($ii$)$

$($i$)$ and $($iii$)$

$($i$),($ii$)$ and $($iii$)$

None of the above