Credit Contracts That Are Regulated by the National Credit Code

question 32

Multiple Choice

Credit contracts that are regulated by the National Credit Code include:

• A)home loans.
• B)continuing credit contracts e.g.credit cards.
• C)contracts for the sale of goods by instalments.
• D)all of the above.
• E)A and B only.

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Definitions:

Nutrition Facts

Information provided on food packaging that includes serving size, calories, and nutrient information to help consumers make informed choices.

Lanham Act

United States legislation that provides protection to trademarks and regulates unfair competition.

False Advertising

The act of misleading consumers through deceptive, incorrect, or misrepresented information in advertisements.

Installment Contract

Under the Uniform Commercial Code, a contract that requires or authorizes delivery in two or more separate lots to be accepted and paid for separately.