COL3704 Assignment 3 (COMPLETE) Semester 2 2023 () - DUE 15 September 2023 100% TRUSTED workings, explanations and solutions. for assistance ............................... QUESTION 1
On 13 March, Alvereen Leonard approached three different credit providers and applied for credit. First, she...
COL3704
Assignment 3 Semester 2 2023
Unique Number: 386365
Due Date: 15 September 2023
SECTION A
QUESTION 1
The credit provider is not permitted to enter into a reckless credit agreement. A credit
agreement is reckless if, at the time the agreement was concluded
the credit provider failed to conduct the required assessment
the credit provider conducted the required assessment, and entered into a credit
agreement with the consumer, even though the outcome of the assessment showed
that
o the consumer did not understand or appreciate the obligations under the
credit agreement, or
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