You take over a credit contract, consumer lease, or buy-back transaction from someone else. You get the contract, lease, or transaction with all the rights and problems that come with it. This means you have to deal with any issues the original person had with the contract, lease, or transaction. You still have to follow the rules of the Bills of Exchange Act 1908. This Act has its own set of rules that you need to follow. It applies to your situation, even if you took over the contract, lease, or transaction from someone else. When you take over a credit contract, consumer lease, or buy-back transaction, you have to consider the rights of the person who originally owed the money. They may have had problems with the contract, lease, or transaction that you now need to deal with. You have to honour their rights and follow the rules of the Acts that apply.