Credit card and Puff: Difference between pages

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A card indicating that the holder has been granted a line of credit.  
''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.


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.


Interest is charged on the amount of any extended credit and the holder is sometimes charged an annual fee.


== See also ==
== See also ==
* [[Credit]]


* [[Condition]]
* [[Contract]]
* [[Term]]
[[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