An example of a standard debt provision is the
A) limiting of the corporation's annual cash dividend payments.
B) requirement to pay taxes and other liabilities when due.
C) restricting the corporation from disposing of fixed assets.
D) constraints on subsequent borrowing.

Question

Quizplus · Accepted Answer

Standard debt provisions typically include requirements to pay taxes and other liabilities when due, ensuring the borrower maintains financial responsibility and solvency.

An Example of a Standard Debt Provision Is the