INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 78

Essay

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.Select A for the first item,B for the second item,and C if neither item will correctly complete the statement.
-Another term for a signature loan is a [secured | non-collateralized] loan.

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Definitions:

Fraud

The intentional deception or misrepresentation made by a person with the aim of gaining something of value or causing some benefit to themselves at another’s expense.

Innocent Party

An individual or entity not responsible or involved in the wrongdoing or legal dispute in question.

Damages

Compensation claimed by or awarded to a party for loss or injury suffered due to another's actions or negligence.

Proving Fraud

The process of establishing the intentional deception made by one party in order to gain an unfair advantage over another, which often involves legal proceedings.