Basics of Borrowing and Credit in Georgia
This document discusses the basic law relating to borrowing and credit, including: What do people do when they do not have the cash to buy something they need? What is credit? What is the difference between a loan and a credit sale? What is the difference between secured and unsecured credit? What is open-end credit? What is closed-end credit? What do you do if you find a mistake in your monthly credit card statement? The document is excerpted from An Introduction to Law in Georgia, Fourth Edition, published by the Carl Vinson Institute of Government, 1998 (updated 2004).
By: Carl Vinson Institute of Government, University of Georgia
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