PVL3701 Assignment 1 Semester 1 2026 – Due 1 April 2026

PVL3701 ASSIGNMENT 1 2026
DUE 1 APRIL 2026
(Do not include the assignment questions in your submission)

Preview
Thandi owns a hotel called “Imbizo Lodge” in Durban. She bought three new fridges
for the kitchenfrom Value Save Traders (Pty) Ltd, in terms of a credit agreement.
ValueSave Traders (Pty) Ltreserves ownership of the fridges until the final instalment
has been paid.
Thandi also owes First Metro Bank R500 000. The debt is secured by a mortgage
bond registeredover the hotel…………………

Question 1
Identify one person in the above set of facts that can be described as a “lawful
holder”. In your answer, specifically refer to the relevant thing(s) of which he/she
is a lawful holder.
Sipho is a lawful holder of the small room he rented from Thandi. A lawful holder
exercises physical control with the intention to derive a benefit (animus ex re
commodum acquirendi) based on a legal relationship, such as a lease agreement