Representations in a loan agreement usually contain
A)borrower's legal status
B)the opinions of the borrower's counsel
C)borrower's collateral
D)all of the above
E)a and c only

Question

Quizplus · Accepted Answer

Representations in a loan agreement usually contain borrower's legal status and borrower's collateral. The opinions of the borrower's counsel may be included but are not typically considered a representation. Therefore, the best choice is E (a and c only).

Representations in a Loan Agreement Usually Contain