Examlex

Solved

ImaBigBank Has Completed Its Risk Assessment for a Commercial Loan

question 49

Multiple Choice

ImaBigBank has completed its risk assessment for a commercial loan application and has decided to grant the loan.What is the legal term given to the form of notice ImaBigBank will provide to the application detailing basic terms of the proposed loan?


Definitions:

Ethylethanoate

Also known as ethyl acetate, an organic compound used as a solvent in many applications due to its pleasant smell and quick evaporation.

Methylethanoate

An ester formed from methanol and acetic acid, known for its fruity smell and used in the manufacture of flavors and fragrances.

Ethylmethanoate

A chemical compound more commonly known as ethyl formate, an ester formed from ethanol and formic acid with the formula C3H6O2.

Related Questions