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Which of the Following Legislation Protects Consumers in Challenging Information

question 27

Multiple Choice

Which of the following legislation protects consumers in challenging information contained in a credit file?


Definitions:

De Facto Corporation

A business operating as if it were a legally incorporated company, despite not having completed the formal incorporation process, and is often treated as such by the law under certain conditions.

Creditor

An entity to which a debtor owes money.

Incorporator

A person or entity that signs the articles of incorporation, thereby initiating the creation of a corporation.

De Jure Status

A legal term that means something is recognized by law, regardless of the actual situation on the ground.

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