An individual whose debts are primarily consumer debts is known as a

A) purchaser-debtor.
B) consumer-debtor.
C) common-debtor.
D) bankrupt-debtor.

Question

An individual whose debts are primarily consumer debts is known as aA)  purchaser-debtor.B)  consumer-debtor.C)  common-debtor.D)  bankrupt-debtor.

JOO-Thanissara Thanavatik · Accepted Answer

Final Answer : B, Explanation :  A consumer-debtor is an individual whose debts are primarily incurred for personal, family, or household purposes, distinguishing them from debts incurred for business or commercial purposes.

An individual whose debts are primarily consumer debts is known as a

A) purchaser-debtor.
B) consumer-debtor.
C) common-debtor.
D) bankrupt-debtor.

Definitions

Learning Objectives

Learning Objectives

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