answersLogoWhite

0

A credit note is issued instead of a refund in the case of the goods being faulty. If a customer buys something from a retailer, and the item is defective, they have the right to return it. However - they don't necessarily have to be given a refund. Many retailers simply issue a credit note for the value of the faulty goods. This means that the customer is 'tied' to the retailer - whether they want to be or not !

User Avatar

Wiki User

11y ago

Still curious? Ask our experts.

Chat with our AI personalities

JordanJordan
Looking for a career mentor? I've seen my fair share of shake-ups.
Chat with Jordan
BeauBeau
You're doing better than you think!
Chat with Beau
SteveSteve
Knowledge is a journey, you know? We'll get there.
Chat with Steve

Add your answer:

Earn +20 pts
Q: What is the importance of a credit note?
Write your answer...
Submit
Still have questions?
magnify glass
imp