The Four Cs of Credit Are Computers,capital,compromise,and Collateral

question 26

True/False

The four Cs of credit are computers,capital,compromise,and collateral. 

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Definitions:

Obligations

Duties or commitments one party has towards another under the terms of a contract, law, or moral duty.

Statute Of Frauds

A legal principle requiring certain contracts to be in writing and signed in order to be enforceable.

Partnership Agreement

A formal written agreement among business partners detailing the management, decision-making, and distribution of profits or losses.

Enforceable

A term referring to an agreement, contract, or law that is legally valid and can be upheld or compelled in a court of law.