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13 August, 13:31

Which of these statements describes a lien?

A. the right of a lender to sell collateral to get back the principal if the borrower cannot repay the loan

B. the right of a lender to refuse a loan if the borrower hasn't repaid previous loans on time

C. the right of a lender to increase interest rates depending on economic factors

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Answers (1)
  1. 13 August, 13:59
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    The correct answer is B. the right of a lender to refuse a loan if the borrower hasn't repaid previous loans on time
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