Obtaining Credit by Deception Flashcards
1
Q
*What is Debt or Liability Incurred?
A
“Debt”
- Means money owing from one person to another
“Liability”
- Means a legally enforceable financial obligation to pay, such as the cost of a meal
Both Debt and Liability must be legally enforceable.
2
Q
*What is Credit?
A
Refers to the obligation on the debtor to pay or repay, and the time given for them to do so by the creditor.
3
Q
What must you prove “Obtaining Credit by Deception”?
A
Prove the identity of the Suspect AND that they:
- by deception and without claim of right
- in incurring any debt or liability
- obtained credit
4
Q
What to note for Debt or Liability?
A
Must be legally enforceable.
If the contract is void or illegal there is no OFFENCE.
