debtor-creditor-supplier

debtor-creditor-supplier
Under the Consumer Credit Act 1974, a debtor-creditor-supplier agreement is one where the creditor (the person offering finance) is connected in some way with the dealer or supplier of the goods by the credit or where the creditor and supplier are the same person and the loan is in connection with the purchase of goods supplied by the supplier. A debtor-creditor agreement is one involving a straight loan unconnected with particular goods.

Easyform Glossary of Law Terms. — UK law terms.

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