Which of the Following Statements Is True About Opinion Letters

question 12

Multiple Choice

Which of the following statements is true about opinion letters?

• A)The function of an opinion letter is to provide information only
• B)Opinion letters must be signed by attorneys
• C)Opinion letters do not include an analysis of the law
• D)Opinion letters are usually very short in nature

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Definitions:

Secured

Pertaining to loans or debts backed by collateral, ensuring protection for the lender in case of default by the borrower.

Consumer Debts

Debts incurred for personal, as opposed to business, needs.

Secured Debt

A type of debt that is backed by collateral, providing the lender with a claim to the asset if the debt is not repaid.

Mortgage

A loan specifically used to purchase real estate whereby the property itself serves as security for the loan.