Which of the Following Is a Default

question 9

Multiple Choice

Which of the following is a default?

• A) repaying a debt before it is due
• B) bankruptcy of the debtor
• C) increase of rate of interest by the creditor midway through debt repayment
• D) theft of the collateral

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Definitions:

A Norm

A standard or pattern of behavior that is typical within a specific group, community, or society.

Staff Development

Staff development involves activities and programs designed to improve the performance and abilities of employees in a work setting.

A Clique

A small, exclusive group of individuals characterized by shared interests or common goals, often leading to exclusionary behavior.

Chain Pattern

A sequence or arrangement of events, ideas, or objects linked together in a linear or logical order.