Dianne has a loan agreement which contains a clause for default.

CIPS L5M3 Question Answer

Dianne has a loan agreement which contains a clause for default. What does a clause for default imply?

this allows the lender to demand overdue payments are made straight away

this allows a lender to demand payment from a guarantor if the borrower is unable to pay

this allows the lender to declare insolvency

this allows the lender to demand full payment of the outstanding balance

L5M3 PDF/Engine

Get 75% Discount on All Products, Use Coupon: "ac75sure"