The National Credit Code Seeks to Protect Debtors by Creating

question 30

Multiple Choice

The National Credit Code seeks to protect debtors by creating uniform requirements regarding:

• A)consumer rights and bankruptcy.
• B)the recovery of debts in the courts.
• C)the ADR processes applicable to debt recovery matters.
• D)credit arrangements and recovery of outstanding debts.

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Definitions:

Peer Group

A social group whose members have interests, social position, and age in common.

Generation

A group of individuals, most often classified by their birth years, who experience similar cultural, social, and economic conditions at roughly the same stage in life.

Socialized

Refers to the process through which individuals learn the values, norms, and required behaviors of their society or group.

Inequity

A lack of fairness or justice in treatment, resources, and opportunities among members of a society.