Which of the Following Bodies Assists Entrepreneurs by Guaranteeing Loans

question 5

Multiple Choice

Which of the following bodies assists entrepreneurs by guaranteeing loans from local commercial lenders?

• A)The Federal Reserve
• B)The Patent and Trademark Office
• C)The Small Business Administration
• D)The Department of the Treasury

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Definitions:

Sold

The completed process of transferring ownership of a good or property in exchange for money or value.

Invitation to Treat

An invitation for parties to make offers or negotiate, which itself does not bind the parties to a contract.

Newspaper Offer

A promotional or sales offer made through a newspaper, typically involving products or services at discounted rates.

Revocation

The official cancellation or withdrawal of an offer, agreement, or license, rendering it null and void.