Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

River Motors (Pty) Ltd is a dealer in vehicles from Japan. Brian buys a Nissan March under an instalment sale transaction in terms of the

River Motors (Pty) Ltd is a dealer in vehicles from Japan. Brian buys a Nissan March under an instalment sale transaction in terms of the Credit Agreements Act 75 of 1980 (as amended) with River motors. Brian is required to pay 10% deposit of the vehicle's purchase price.

Explain the legal position in each of the following SEPARATE instances:Brian fails to sign the agreement. (3)

3.2.Brian fails to pay the deposit.(2)

3.3.The agreement states that Brian will buy his new vehicle voetstoots. (3)

3.4.The effect of reference to section 13 of the Credit Agreements Act 75 of 1980. (2)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Law Express Constitutional And Administrative Law

Authors: Chris Taylor

6th Edition

1292210109, 978-1292210100

More Books

Students also viewed these Law questions