Multiple Choice
Norman Bank made a loan of $1,000,000 to Jarod LeFevre.Jarod has declared bankruptcy and Norman Bank has just learned that the judge in the case has ruled that Jarod does not have to pay any part of the loan back or forfeit any of his assets.Which type of risk would this be an example of?
A) Operational risk
B) Legal risk
C) Compliance risk
D) Strategic risk
E) Reputation risk
Correct Answer:
Verified
Correct Answer:
Verified
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