SECTION D: BUSINESS ENTERPRISES [101 4. A food truck from Bloemfontein's owners, Helena and Imma, contact you for advice after they recently read an article about South Africa's `different forms of business enterprises' in Business Daily'. Their food truck, called 'Fast Foods', was bought jointly and it is operated on a daily basis by both of them. Going forward, Helena and Imma would like to expand their food truck's business operations to a 94 m2 space in a strip mall in Langenhoven Park, Bloemfontein, which will be called 'Good Vibes'. In terms thereof, Helena and Imma must now decided what 'form' of business enterprise would be best suited to their needs for 'Good Vibes'. Their needs include that the business enterprise must have its own legal personality, and it must survive the death of either Helena or Imma. With reference to the facts of the above scenario, answer the following questions: 4.1 Indicate and motivate which 'type' of business enterprise would suit Helena and Imma's needs. (2) 4.2 Based on your answer in question 4.1, briefly discuss an `advantage' and 'disadvantage' of 'this' type of business enterprise. (2) 4.3 Based on your answer in question 4.1, explain to Helena and Imma how this' business enterprise is 'formed'. (4) 4.4 Based on your answer in question 4.1, explain to Helena and Imma how this' business enterprise would come to an 'end'. (2) Page 5 of 6SECTION E: CREDIT AGREEMENTS [101 5. Jackson, a struggling student with little to no income, was recently approached by Kaleb, an employee of the 'credit provider' known as "Jackal & Hyde Loans'. Kaleb, who was walking from door-to-door in Jackson's street, approached Jackson while Jackson was studying on his flat's street-facing patio. During their conversation, Jackson indicated that he is struggling to fund his studies and maintain himself while studying. Kaleb offered Jackson a loan- there and then- to the value of R80 000.00, which Jackson immediately accepted. This loan was reduced to writing on Kaleb's laptop, printed by Jackson, and was immediately signed by both parties. This agreement states that Jackson must hand over his identity document, bank card and pin number at the beginning of each month so that Kaleb, on behalf of "Jackal & Hyde Loans', can withdraw the due loan instalment on a monthly basis until the loan debt has been satisfied. With reference to the facts of the above scenario, answer the following questions: 5.1 Explain to Jackson whether the National Credit Act, 34 of 2005, will apply' to the agreement between him and Jackal & Hyde Loans'. (2) 5.2 Briefly identify the 'size' of the credit agreement. (2) 5.3 Briefly explain whether the 'marketing practice' used by Kaleb is in line with the National Credit Act, 34 of 2005. (2) 5.4 Explain to Jackson what 'reckless credit' is and indicate whether this agreement would make him 'over-indebted'. (2) 5.5 Identify and briefly discuss the 'regulatory institution' which Jackson can approach in connection with this agreement. (2) TOTAL= 50 MARKS Page 6 of 6