Which of the following is NOT one of the pre-contractual requirements for a binding credit agreement?
A) The credit contract must clearly state the purpose for which the credit is provided.
B) The credit provider must give the borrower a statement of financial details.
C) The borrower must be given a statement of their rights and obligations.
D) The credit contract must be in writing, signed by the borrower and the credit provider.
Correct Answer:
Verified
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