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imported>Administrator |
imported>Doug Williamson |
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| A card indicating that the holder has been granted a line of credit.
| | ''Contract law.'' |
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| | The law distinguishes between a reliable claim that induces a person to enter into a contract and 'mere puff', which does not. |
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| | It is regarded as being no more than the salesperson's harmless praise of their product. |
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| It enables the holder to make purchases and/or withdraw cash up to a pre-arranged ceiling; the credit granted can be settled in full by the end of a specified period or can be settled in part, with the balance taken as extended credit.
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| Interest is charged on the amount of any extended credit and the holder is sometimes charged an annual fee.
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| == See also == | | == See also == |
| * [[Credit]]
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| | * [[Condition]] |
| | * [[Contract]] |
| | * [[Term]] |
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| | [[Category:Compliance_and_audit]] |
Latest revision as of 14:07, 6 July 2022
Contract law.
The law distinguishes between a reliable claim that induces a person to enter into a contract and 'mere puff', which does not.
It is regarded as being no more than the salesperson's harmless praise of their product.
See also