Credit Agreement Act 1980
For the purposes of the amending Act, the Act does not apply to credit agreements relating to commercial activities. Although the legislation does not define the scope and meaning of the concept of commercial activity, we consider, given its normal and daily meaning, that the law will henceforth apply only to credit agreements for the rental or purchase of personal assets (i.e. non-commercial activities). The Credit Agreements Act regulates certain transactions in which movable property is leased or purchased on credit or certain services are provided on credit and sets limits on the amount of deposits to be paid and the duration of repayment for selected credit or credit sale transactions. . . .