If a debtor breaches a loan agreement and there is no security, the lender will personally sue the debtor.
Correct Answer:
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Q22: A security agreement sets out the rights,
Q23: Floating charges allow the debtor to dispose
Q24: A guarantor agrees to be responsible along
Q25: Equity financing is best for short-term money
Q26: A bank may lend money without security
Q28: To help ensure the repayment of a
Q29: A secured creditor has priority over other
Q30: The primary purpose of the Personal Property
Q31: Debt financing is best for long-term capital
Q32: A creditor must register the interest in
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