Which of the following is NOT expressly dealt with under Section 1 of the Recovery of Debts and…
Section 1 deals only with the short title, extent, commencement and application threshold of the Act; definitions of terms used throughout the Act, such as bank, debt, and…
Choose your answer
Which of the following is NOT expressly dealt with under Section 1 of the Recovery of Debts and Bankruptcy Act, 1993?
Answer and explanation
Correct answer D
Section 1 deals only with the short title, extent, commencement and application threshold of the Act; definitions of terms used throughout the Act, such as bank, debt, and financial institution, are instead set out separately in section 2.