Question 18 (5 points)
Which of the following documents will a bank issue in order to secure a loan with your personal assets?
Question 18 options:
Guarantee and surety agreement
Promissory note
1099 form
Loan application
Answers
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may be loan application or guarantee and security agreement
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Answer:
Guarantee and surety agreement
Explanation:
When a bank issues a loan they secure it with a surety agreement. A 1099 is a form for a contractor.
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