Individuals who conduct contractual business with banks need to appreciate the importance of the contract and become familiar with their basic rights and obligations,and they should understand that not only is the contract is written largely to protect the bank,but their bargaining power is very limited.

Question

Quizplus · Accepted Answer

The statement is true. Contractual business with banks requires individuals to understand their rights and obligations, but they should also acknowledge that the contract is designed to protect the bank, and they have limited bargaining power.

Individuals Who Conduct Contractual Business with Banks Need to Appreciate