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On 27th October 2021 David purchased a 72cm plasma Tv from Electrowise (Pty) Ltd at a value of R10 000-00 on instalment credit for a
On 27th October 2021 David purchased a 72cm plasma Tv from Electrowise (Pty) Ltd at a value of R10 000-00 on instalment credit for a period12 months at an interest rate of 5% per year. Clause 3.2 of the instalment credit agreement stipulates that Electrowise (Pty) Ltd would remain owner of the sold item until it received the last payment in terms of the instalment agreement. On 30 April 2022, David's estate was sequestrated, and finally placed under the administration of the trustee. Which form of limited real right to security does Electrowise (Pty) Ltd have over the 72cm plasma Tv which was sold to David on credit under these circumstances? Choose the CORRECT answer from the options below: A. Special notarial bond over movable property. B. Judicial hypothec. C. Credit grantor's tacit hypothec. D. Cession in securitatem debiti
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