Intermediate and Long-Term loans can require which of the following conditions?
A) Right of the lender to control major expenditures
B) The borrower must furnish the lender with annual financial statements
C) The loan must be secured by collateral
D) All of the above

Question

Quizplus · Accepted Answer

All of the above conditions may be required for intermediate and long-term loans. These conditions help to protect the lender's investment and ensure the borrower's ability to repay the loan. The right of the lender to control major expenditures provides additional oversight and helps to ensure that funds are being used for the intended purpose. Annual financial statements help the lender monitor the borrower's financial health and ability to make payments, while collateral provides security in case of default.

Intermediate and Long-Term Loans Can Require Which of the Following