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3.1 You are asked to advise a business on the legal rules relating to consumer credit. Differentiate between the different types of credit agreements To

3.1 You are asked to advise a business on the legal rules relating to consumer credit.

Differentiate between the different types of credit agreements

To earn the full score a student should cover all the following:

Types of credit agreements - definition of consumer credit, restricted and unrestricted use of credit, relevant statutory provisions. Types of agreement, e.g., with suppliers, with lenders, small agreements, agreements exempt from regulation, linked transaction etc.

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