The National Credit Code applies to related transactions.Which of the following would qualify as a related transaction under the Code?
A) A contract to buy gym equipment from Harvey Norman that was paid for by a loan from the Zelda Finance Company.
B) A guarantee by an aunt that she will be responsible for her nephew's home loan if he cannot satisfy the repayments.
C) An insurance contract that will provide repayments for a consumer credit loan if the borrower becomes ill and cannot earn an income.
D) All of the above.
E) A and B only.
Correct Answer:
Verified
Q14: Heather borrows money from a business that
Q15: Under the National Credit Code,consumers cannot be
Q16: Which of the following statements is not
Q17: Which of the following powers,remedies or penalties
Q18: Which of the following credit contracts would
Q20: Which one of the following is not
Q21: The second stage of the Anti Money
Q22: Which of the following is/are not classified
Q23: The Zelda Finance Company breached six key
Q24: The cornerstone feature of the Anti Money
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents