Which of the Following Is Associated with Determining the Creditworthiness

question 52

Multiple Choice

Which of the following is associated with determining the creditworthiness of a mortgage borrower?

• A) income stability
• B) job stability
• C) prior credit history
• D) all of the above

---

Definitions:

Winding Up

The process of concluding a company's affairs, settling its liabilities, and distributing the remaining assets to the shareholders or owners.

Corporations Act

The legislation governing corporate practices, including financial reporting and corporate governance, in particular jurisdictions such as Australia.

Just and Equitable

Principles used in legal contexts to ensure fairness and justice in the application or interpretation of laws or regulations.

Liquidation

The process of winding up a company's financial affairs by selling assets to pay off liabilities, with any surplus distributed to shareholders.