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Provisions in Loan Contracts That Prohibit Borrowers from Engaging in Specified

question 70

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Provisions in loan contracts that prohibit borrowers from engaging in specified risky activities are called


Definitions:

Full Warranty

A warranty under which a defective product will be repaired or replaced without charge.

Requirements

Specified necessities or criteria that must be met or complied with.

Cover

Buying similar goods from someone else when a seller breaches a contract.

Sales Contract

A legally binding agreement between a buyer and a seller regarding the sale of goods or services.

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