Task 16 437(b) Mrs Allwood buys a new car for £26,000. She is to pay the price by instalments over
two years. The car dealer allows Mrs Allwood £5,000 for her old car. The total amount of
interest to be paid is £5,000.
(c) A builder buys a new van on hire-purchase on behalf of his firm, which has six partners.
The builder traded in the firm ’s old van and under the hire-purchase agreement has to
pay £320 a month for 36 months. The APR is 18 per cent.
(d) Mr Callow borrows £1,000 from a bank, at 21 per cent APR, to pay for an exotic holiday.3 Explain the ways in which the Consumer Credit Act 1974 can directly protect creditors.
Task
Your employer has asked you to write a report, dealing briefly with the following matters:
(a) The different ways in which a business might acquire goods without immediately paying the
full price.
(b) How the Consumer Credit Act 1974 can help a person who is given credit.
(c) The essential nature of copyright, a patent and a trade mark.
Visit http://www.mylawchamber.co.uk /macintyreessentialsfor:Access to the accompanying Pearson eText– an eBook
version linked to all of the resources below which you can
personalise with your own notes.Multiple choice questions, flashcards and practice exam questions, to test
yourself on this chapter.Use Case Navigatorto read in full some of the key cases referenced in
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