A Loan Commitment Is Effective Without Acceptance by the Borrower

question 34

True/False

A loan commitment is effective without acceptance by the borrower.

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Definitions:

Kenya

A country in East Africa known for its breathtaking landscapes, wildlife reserves, and diverse cultural heritage.

Decolonization

Decolonization refers to the process by which colonies become independent from colonial powers, often through political, social, and cultural change.

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations and marked by significant events like the Holocaust and the use of atomic bombs.

India

A South Asian country known for its diverse cultures, languages, religions, and historical significance, as well as being the world's largest democracy.