Zaid is a
South African employed in Saudi Arabia. He requests a loan of R 50 000.00 from
Hafeez with an agreement to repay the loan within six to eight months. The loan
is granted to Zaid by Hafeez. When Zaid gets the accumulated amount, he
notifies Hafeez, and Hafeez requests that the amount be paid into a Saudi
Arabian account in Riyals. However, when Zaid received the loan, the Riyal was
at R 3.54, to