Which of the following statements is true in relation to bank obligations to guarantors under the Code of Banking Practice?
A) The bank must advise the guarantor about the minimum sum being guaranteed.
B) The bank must inform the guarantor about the need to obtain independent advice.
C) The bank is obliged under privacy laws from advising the guarantor about the debtor's capacity to repay the loan.
D) All of the above.
Correct Answer:
Verified
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