Description
LML4807 Assignment 2 Semester 1 Memo | Due 9 April 2026. All questions fully answered. Hennie now consults you for a legal opinion. In your discussion with Hennie reflect on the following:
a)
What are the different types of reckless credit agreements provided by the National Credit Act 34 of 2005? (3)
b)
Does the agreement concluded between Hennie and Bantu Bank amount to a reckless credit agreement in terms the National Credit Act 34 of 2005? (2)
c)
Would your answer be different if Hennie was fluent in the English language? (2)
d)
What are the powers of the court or tribunal in respect of each type of reckless credit? (3)
Motivate your answers.
[10 MARKS]
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