Aidan and Nadia are parties to a contract that allows Nadia to enforce an "acceleration clause" (as that term was used in the text).Which of the following statements is most likely TRUE?

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Quizplus · Accepted Answer

An acceleration clause allows the lender to demand immediate repayment of the entire loan if the borrower fails to comply with certain terms, such as making payments on time. Therefore, Nadia's right to enforce an acceleration clause suggests that she is the lender and Aidan is the borrower. Option A and D are both incorrect as they suggest that Nadia borrowed money from Aidan, which is contrary to the scenario presented. Option E is also incorrect as it suggests that Nadia has the right to repay a debt to Aidan more quickly, whereas the scenario only mentions Nadia's right to demand earlier repayment from Aidan. Option B is not necessarily true as there is no indication in the scenario that the parties' contract is subject to any condition precedent.

Aidan and Nadia Are Parties to a Contract That Allows