Multiple Choice
The "conditions precedent" in a loan agreement means
A) that a borrower must repay the loan before the due date
B) that a borrower must satisfy certain requirements before the loan is funded
C) that a bank can waive certain loan stipulations when the borrower has not defaulted
D) both a and b
E) both a and c
Correct Answer:
Verified
Correct Answer:
Verified
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