Because It Is Normally Unsecured, Commercial Paper Is Only Offered

question 138

True/False

Because it is normally unsecured, commercial paper is only offered by firms with no credit ratings.

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Definitions:

Tort Law

The area of law that deals with civil wrongs, providing remedies for those harmed by the unreasonable actions of others.

Liable

Legally responsible or obligated, typically referring to the accountability of persons or entities in civil law for actions or omissions.

Juriscience

The scientific study of law and legal systems, aiming to apply scientific methods and principles to legal questions and issues.

Proximate Cause

The primary cause that, in a natural and continuous sequence, unbroken by any efficient intervening cause, produces an event and without which the event would not have occurred.