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Mort approached the chief lending officer at First Virginia Bank about obtaining a $75,000 loan. The banker said she would approve the loan provided that the funeral home's building was pledged as collateral. The banker was offering a(n)
Right To Contract
The legal ability of an individual or entity to enter into binding agreements.
Great Britain
The island comprising England, Scotland, and Wales, often used to refer to the United Kingdom which includes Northern Ireland.
Mental Illness
A broad range of medical conditions that affect a person's thinking, feeling, mood, and behavior.
Legal Capacity
This term refers to a person's ability to enter into binding contracts and have them enforced by law, typically governed by factors such as age and mental state.
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