The National Credit Code Applies to a Credit Contract When

question 26

Multiple Choice

The National Credit Code applies to a credit contract when:

• A)the debtor is a natural person and the credit is wholly or predominantly for personal or domestic purposes.
• B)the debtor is a natural person and the credit is wholly or predominantly for the purchase of a residential investment property.
• C)the debtor is a strata corporation and the credit is wholly or predominantly for personal or domestic purposes.
• D)one or more of the above exist.
• E)A or B above exist.