Alphonse Is New to Canada and Decides to Start a Tailoring

question 67

Multiple Choice

Alphonse is new to Canada and decides to start a tailoring business with a $30 000 loan from Bank

• A) The bank could seize all of Alphonse's assets if he does not repay the loan immediately.
• B) The bank must always give at least one month's notice when demanding payment.
• C) The bank is entitled to demand its money back without notice.
• D) Alphonse would likely be unsuccessful in a court suit challenging the reasonableness of the bank's actions.
• E) Alphonse would likely be successful in a court suit challenging the reasonableness of the bank's actions.