What Must Be in Place in Order for a Lender

question 46

Multiple Choice

What must be in place in order for a lender to appoint a receiver or manager in the event of default on a commercial operating loan?

• A) a deficiency of assets
• B) a specific security agreement
• C) a general security agreement
• D) an acceleration clause

---

Definitions:

Media

Various channels or tools used to store and deliver information or data, including print, digital, broadcast, and outdoor.

Accurate

Describes information, data, or statements that are correct, precise, and free of errors or mistakes.

Balanced Story

A narrative or report that presents all relevant sides or perspectives to ensure fairness and objectivity.

Corporate Information

Information pertaining to a company’s operations, policies, and performance, including financial data, organizational structure, and strategic plans.