The Three Main Types of Unsecured Short-Term Loans Are Trade

question 111

True/False

The three main types of unsecured short-term loans are trade credit, bank loans and commercial paper.

Understand the legal consequences and remedies associated with misrepresentation and fraud.

Comprehend the role of scienter in legal determinations related to fraud.

Recognize the ethical and legal issues involved in business dealings and the exploitation of trust or authority.

Differentiate between the various factors that can affect the enforceability of a contract such as concealment, duress, and undue influence.

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Definitions:

Defense

Psychological strategies used unconsciously to protect oneself from anxiety arising from unacceptable thoughts or feelings.

Transference

A psychological phenomenon in which an individual redirects feelings and desires, often unconsciously, from one person to another, particularly noted in psychoanalytic therapy.

Aversive Conditioning

A type of behavior conditioning where a noxious stimulus is paired with a particular unwanted behavior to reduce its occurrence.

Classical Conditioning

A simple form of learning in which a neutral stimulus comes to evoke the response usually evoked by another stimulus by being paired repeatedly with the other stimulus.