Question: Read the Case Study below and answer ALL of the questions that follow. Instructions to students: Students are to refer to a minimum of 5

Read the Case Study below and answer ALL of the questions that follow. Instructions to students: Students are to refer to a minimum of 5 academic sources when undertaking the case study. The module guide is not a primary source of reference and should not be the source of answers to the below questions. Students are to provide an independent application of the law i.e - students must use legal reasoning and show their own thought process in answers. Students are to refer to South African law. Referencing is critical. Your answers should be supported by academic sources, applicable case law and/or legislation. Question 1 (15 Marks) John purchases a new Audi TT. He finances the vehicle through VBS Bank, and owes a total of R850 000.00 (Eight Hundred and Fifty Thousand Rand) for the vehicle. His monthly repayment to VBS Bank is R8 800.00 (Eight Thousand Eight Hundred Rand). John is a tour guide, and so his income often fluctuates depending on how busy the holiday season is. He does not earn a set salary and cannot always predict his income. He asks his sister, Maria, to sign as surety for his credit agreement with VBS Bank, for the repayment of the Audi TT. Maria is a graphic designer and is not familiar with the law of suretyship. She approaches you for advice and wants to know what the legal implications of suretyship will be for her scenario. Advise Maria on the following: Discuss the nature of suretyship and the legal implications thereof for Maria. You should also make reference to Maria's rights and duties as a surety.

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