Question: 1- Define Credit and provide an example? 2- Define Secured and Unsecured Credit and distinguish between the two. 3- Provide a method on how creditors

1- Define Credit and provide an example?

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

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

4- What is debt?

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

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

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

8- Are foreign judgements enforceable in BC?

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

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

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