An Agreement In Which The Lender Supplies The Borrower

These requirements are sometimes referred to as remote insolvency requirements because their purpose is to make it more difficult for the debtor to voluntarily enter intosolvent. d) the credit must be repaid within the period (which must be 12 months or less) to which the premium relates, ownership of the goods is passed to P if the conditions of the contract are met and if one or more of the following conditions occur – 60I.