In Which of the Following Circumstances Is a Debtor Not

question 50

Multiple Choice

In which of the following circumstances is a debtor not empowered to apply to a Court for changes to be made to a credit contract?

• A)When the debtor is a corporation.
• B)When the debtor cannot meet the repayments because they are experiencing hardship.
• C)When the credit contract is unjust.
• D)When the debtor was unable to pay the amount required under the consumer contract and the creditor could have ascertained this through appropriate enquiries.

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Definitions:

Trade Offs

The concept of giving up one benefit or advantage in order to gain another considered more desirable.

Group Diversity

The presence of a wide range of variation in qualities among members of a group, such as age, gender, ethnic background, and socio-economic status.

Transactive Memory

A shared system for encoding, storing, and retrieving knowledge within close relationships or groups.

Group Behavior

Refers to the ways in which people behave, interact, and influence each other in a collective context.