Is a personal guarantee of a commercial loan considered to be dangerous?
A) No; once signed,the guarantee must be renewed annually.
B) Yes,owing to the unconditional nature of this primary promise.
C) No; personal assets continue to be protected by limited liability.
D) Yes; their continuing nature includes total debt owned at any time.
Correct Answer:
Verified
Q8: Why is the unencumbered status of assets
Q21: Atlas Vehicle Loans Ltd.has a valid security
Q26: Which of the following would be a
Q26: Which of the following represents a valid
Q29: Max and Sylvia Grundy are an elderly
Q31: Which of the following is a common
Q32: Which of the following would offer an
Q35: What is the legal term for the
Q35: Which of the following represents a restriction
Q38: When a lender has appointed a receiver,its
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents