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)