- 75. — (1) If the debtor under a debtor-creditor-supplier agreement falling within section 12(b) or (c) has, in relation to a transaction financed by the agreement, any claim against the supplier in respect of a misrepresentation or breach of contract, he shall have a like claim against the creditor, who, with the supplier, shall accordingly be jointly and severally liable to the debtor.
It basically means that for any credit card purchase (between £100 and £30,000), the credit card company is equally as liable as the supplier.
Financial Ombudsman.
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Andy.
NSR-WORLD.COM
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