(a) Is it usual in this economy for suppliers of goods or services to supply those goods or services to corporations on credit?

 

Yes. It is usual in this country for suppliers of goods or services to supply those goods or services to corporations on credit.

 

(b) If so, what would be the average credit period of time?

 

Thirty to sixty days.

 

(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?

 

Depending on the competition, a supplier may, at times, require security over property of the corporation for the supply of goods or services

 

(d) If so, is the form of supply known as 'retention of title' practised and recognised in this economy and is it enforced?

 

Retention of title is recognized under the Civil Code but is not widely practiced.