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| SECTION D - TRADING DEBTS |
(a) Is it usual in this economy for suppliers of goods or
services to supply those goods or services to corporations on
credit?
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Yes, it is common for suppliers to supply on credit.
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(b) If so, what would be the average credit period of time?
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Although this would depend on a number of factors such as creditworthiness,
course of dealing, etc., generally the credit period is approximately
60 to 90 days.
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(c) Is it possible and/or usual in this economy for a supplier
to require security over property of the corporation for the supply
of goods or services?
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Although it is possible, suppliers do not ordinarily request
security over the corporation's property.
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(d) If so, is the form of supply known as 'retention of title'
practised and recognised in this economy and is it enforced?
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The concept similar to "retention of title" exists. However,
it is not commonly used.
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