If Bill Bailey, Owner of Cherokee Communications, Had Violated the Covenants

Multiple Choice

If Bill Bailey, owner of Cherokee Communications, had violated the covenants of his loan agreement,

A) the loan payments would have been automatically rescheduled.
B) the loan interest rate would have increased to maximum legal rate.
C) the borrower's liability would have become unlimited.
D) the lender could have declared the loan due in full immediately.