Define credit and provide an example

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Question 1. Define Credit and provide an example.

Question 2. Define Secured and Unsecured Credit and distinguish between the two.

Question 3.Provide a method on how creditors can reduce risk in credit transactions.

Question 4.What is debt?

Question 5. What amounts of debt are dealt with in CRT, Small Claims Court, and Supreme Court?

Question 6. How do you apply for a default order in Small Claims?

Question 7. If you win in court and get a judgement, how can you collect the money?

Question 8. Are foreign judgements enforceable in BC?

Question 9. What are the two primary pieces of legislation that governs insolvency law in Canada?

Question 10. What is consumer protection law and what are the goals of consumer protection laws?

Reference no: EM133499909

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