A Guaranteed Line of Credit Is Called a

question 42

Multiple Choice

A guaranteed line of credit is called a

• A) short-term loan.
• B) secured loan.
• C) line-of-credit plus.
• D) demand deposit.
• E) revolving credit agreement.

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Definitions:

Comparative Negligence

A legal doctrine that reduces the amount of damages a plaintiff can recover in a negligence-based claim, based upon the degree to which the plaintiff's own negligence contributed to cause the injury.

Implied Assumption

An unstated understanding or presumption that underlies an agreement or contract, accepted as a term by the parties involved.

Risk Doctrine

A principle in law that assigns liability based on the foreseeable risk created by actions or negligence, particularly in situations where harm could have been prevented.

Action Of Negligence

A legal claim made against someone for harm caused by their failure to act as a reasonable person would under similar circumstances.