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Alphonse Is New to Canada and Decides to Start a Tailoring

Question 13

Multiple Choice

Alphonse is new to Canada and decides to start a tailoring business with a $30 000 loan from Bank


A) The bank could seize all of Alphonse's assets if he does not repay the loan immediately.
B) The bank must always give at least one month's notice when demanding payment.
C) The bank is entitled to demand its money back without notice.
D) Alphonse would likely be unsuccessful in a court suit challenging the reasonableness of the bank's actions.
E) Alphonse would likely be successful in a court suit challenging the reasonableness of the bank's actions.

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